Asking Price $1.5 mAnnual Income $145,000Expenses $ $48,000Due / Tri Plex's total of 15 units.

In those cases I had paid off at least 20% of the outstanding loan, so the total owed was less than 80% of value.

At the end of five years the bank mortgage was at 60% of total value and I could refinance and pay off the 5 year balloon note from the seller.Warning these do not cash flow very well.

. . .1) a 60 year old house in dated but reasonably good condition is purchased for 75K2) the insurance agent's system determines that the correct replacement cost value for that square footage in that location is 190K3) it's insured for 190K, but with Actual Cash Value coverageWhat amount might be paid by the insurance company if it was a total loss shortly after it was purchased?

Deal#3: paid 85K cash for 2/1 SFR, spent $15K on rehab, sold for $140K#4: paid $86K cash for 2/1 SFR, spent 15K on rehab, sold for $156K#5 paid $104K used hard money for 2/2 SFR, spent 14K on rehab, sold for $170K (put 20% down, plus rehab, and holding cost, total investment was $40K, netted $30K in 90 days, show me another way to make 75% return in 3 months with little to no risk!!!)

Credit score = 680 - 700My 2012 and 2013 taxes show a total of $35,000My montlhy debts, total $200 And I'm looking at going with a VA loan as my first choice and a FHA as my second choice, so my max Debt to Income will be 50 I believe.From these numbers, I'm guessing I can afford a $450 - $475 house note ( tops ).

Sell the home over the total amount due to pay the loan off.

As to seller financing, if you're seeing unsophisticated investor types advertising rent to own or seller financed transactions, and they are seeking owner occupied deals, they are either more sophisticated than you think or they are totally off their rockers if they are dealers.

So Ive been having huge issues with my HOA and Im totally sick of them.

Well I am looking to buy another rental unit and need about another 25k to do a total cash deal.