Owner gave me a WD and I started making the payments of $368.41 on the 1st mortgage & $130.88 on the 2nd mortgage.I sold the property for $89,900 on contract for Deed in 60 days $3,500 down & $604.12 @7 1/2% for 30 years My Return: Paid -$998.58 Down payment +$3,500 = $2,501.42 (Half to owner) Payment =$499.29 * Contract Payment =$604.12 * Positive cash flow $104.83 (Half to owner) In my pocket $252.13 up front & $52.42 per month x30 year = $18,869Why Would A Seller Sell To Me - The seller was motivated I found his pain and provide him the best solution I actually increase his credit score I gave him $1,250 cash in pocket I make all his payments I send him a check once a year for $629You still can profit on deals that have no equity by knowing what the average rents are in the area and if they exceed the mortgage payment, you can great a positive cash flow.I did this deal on a property that had a retail value of 497k in California with an appraised value of 562k and the monthly payment was $3,426.31 and she owed 510k and the average rent's in the area pulled $4,750 and it cost me $10, 800 to bring her current and I gave her another $5,000 for the deed. $10,800 to bring current $5,000 for the deed $5,700 for carpet and paint $750 for other costTotal out of pocket $22,250 to take control of a 500k plus property based on appraised valueI did a lease option for 5 years at a lease option purchase price for $549,000 with 25k down and $4,500 a month with 25k towards the purchase and $500 a month credit towards the purchase of the home.

I just got a copy of Secrets of the Millionaire Mind from a friend as a gift.

I bought a few VA and FHA assumptions back then (late '80s, early 90s), and sold quite a few to investor acquaintances.Once the "big run" in Houston ended I surrendered my license.

The best agent I ever worked with sold me 7 houses in about 16 months, then she decided to move to be near her kids and grandkids.

I have sold over 10M dollars in real estate to my Investors in the past month.

The MLS is how 98% of ALL real estate is sold.

I sold my home last year for a 4.5% total commission. 2.5% to buyers agent and 2% to my agent.

Although my mom's will stated that all her assets be sold upon her death (including the TH), it did not have to happen immediately; no one was throwing me out on the street just to sell the property.

I have been trying to learn more about this and I think they are sold on a secondary market to large companies.

He sold new construction with greater incentives than wat he sold me my house just 2 years ago.