This would allow the owner-financer to settle into their new home, according to the seller.5) Most important: I had a real estate attorney, and a good friend of mine, who is a real estate agent, review the contract--both advised me not to proceed.In conclusion, this sounded like a very risky deal from the beginning, however, I trusted my friend's judgment and gave him the benefit of the doubt, but it was to no avail as this just sounded too good to be true, and it was.Better safe than sorry in my opinion.

Hello to all and thank you for taking time to read my post. I'll get right to it! My wife and I have planned and saved for quiet a while now to begin our real estate investment journey. Over the years I've read books,...

These are questions that you really want to present to a good real estate attorney who can advise you in what you are and aren't allowed to do regarding Ohio seller financing.

Hamad,In general it's not advisable to sink money into a property for which you do not have ownership interest.

Any advise would be great.

We wanted to buy this property for the cash flow, not a charity handout.My realtor advise me to think about the decision for a few days as we both want this sale to go smoothly as the seller has had cold feet before.We live out of state but go to the area about once a month to see family.What you do in this situation?

As a longtime out of state investor myself, I would advise to plan on visiting whatever market you are considering investing in, turnkey or otherwise, and meeting with the team or teams you are considering working with in that market, preferably before you close on your first property.  

I'm really excited to start this new chapter in my life...and I'm taking the advise of Brandon and Josh to introduce myself on the forum as well as say thank you for building BP!!!    

What advise can you offer?

It is usually advised to stay within 90% if the list price to be reasonable, unless there some valid reason to offer less and provide substantiation.From my experience, all real estate deals are guided by the personalities, attitudes and emotional attachments to the property.