Everybody wins.Another option would be to lease option the property for two years for $250,000 with a “down payment assistance planâ€.† In this case you get $5,000 upfront to purchase the option to buy the property in two years for $250,000 .† This $5,000 is not refundable because they are buying the option whether they use it or not.† Now you set the monthly lease amount and tell them for every dollar over that amount up to $100 a month that they pay, you will match it towards the down payment.† That makes a great incentive, you increase your monthly cash flow and at the end of two years you just knock a maximum of $4,800 off the sales price.† You will have the $5,000 cash, positive cash flow during the lease period and clear a huge profit when you sell.† If you are looking to add to your portfolio but fear holding too many empty properties your concerns can be addressed.† Many cities are tearing down public housing in favor of giving families Section 8 assistance.

I have enough saved right now for a 7% down payment but I have been saving $750 a month for my first purchase so that number will increase every month.

Therefore repeated exposure is key to increasing response rates.

take some time and google websites that are similar to what you want to do..you can get Tons of ideas and not waste time reinventing the wheel.Traffic equals money..work on increasing that traffic and opportunities won't be far behind.i've got a few great ideas for websites also..it just comes down to advertising and spreading the word which I've spent zero time doing.

What they are increasingly refusing to insure is simultaneous closings.

Expenses should always be calculated at 50%, remember maybe this year they will be lower but at a point you'll need to change major items like roof furnace a/c etc etc etc If you buy a house for 100k it needs to pay 2k in rents every month, simple as that.Let's say you have 100k in cash, you use 60k to buy a house that is really worth 100k and it rents for 1200$ (2% of 60k) and cashflows 150$ a month, your net worth has just jumped to 140k, your monthly income has just increased by 1800$/year.

Loan limits on all FHA loans have increased to $729,750 in high cost areas.

When a value of a property increases, is it the land that actually increases or is it the bricks of the house that increase in value?

Hello I was listening to Robert Kiyosaki and he was talking about holding on to property for cash flow and if the property value increases he would simply go to the bank an refinance.

Due to the increased incidence of preforeclosure sales, Fannie Mae is establishing a 2-year elapsed time period for reestablishing credit following completion of the action.