House sold for 225k, 1 day short of 6 months from close to close.

It is a short sale that we were able to sweep up because the previous buyer was not able to get their financing in order (lucky us!).

From a short inspection, I saw no vacant units in current marketable condition, but one was getting new carpet and paint during our visit.

, with different amortization periods...

Keep things short and simple by citing the contract.

Financing that entire purchase price at 5%, which is reasonable for seller financing, will put you at a monthly payment of $4,026 a month, or $48,312 a year.Private lending is usually short term debt, 1-2 years.

@Catherine Brennan I would suggest getting an umbrella policy for the short time you have the property in your own name.  

Then you can also get the owner to sell you their house and try to negotiate a short sale with the bank.

I have been reading about Owner financing for a few hours and learned about Lease Options and Sub2.Before that I made them an offer hoping they owned the property out rightThe reason behind the offer is in February 2014 I had to short sale  my primary residence, fastfoward march 2016 I started learning in BP, April 2016 I started my LLC in REI.The way I saw this is, get this property with no money down, I can cut my monthly rent from $1,200 down to $800 or less.

They typically need to get off the contract during their inspection period and offer no inspection period or very little to buyers.