If that happens then- option 1: pay investor monthly for $1500/mo for 20 years ($360k return, or 7.2% cash on cash return) - option 2: list the house for sale and repay investor the original $300k promised *Possibility of existing liens- work with realtor and escrow company to ensure a clean and clear all cash purchase of the property.

No matter what your goal should be to ensure the property pays for itself.

Hill Jr. not only that, you want to make sure your attorney ensures the seller indemnifies you against Chicago RLTO issues.

We need to be smart, calculated, and understand why we're doing what we're doing to help us ensure we're successful in the long run.

I heard that it can be advantageous for a real estate agent or broker to ensure that buyers are required to use the broker's recommended loan officer or mortgage company unless the buyer is willing to provide an additional earnest deposit.

It is safer to have a business model that inhibits failures and ensures success. 2) You will enjoy investing in real estate a lot more if you purchase 5 properties that are increasing in value at the same time vs. 1 property that generates a little cash flow..

This not only allows you to leverage off others experience, it's also a good way to ensure that you don't make $100,000 mistakes with other people's money. 

Whenever you are buying a property out of state you should do a few things to ensure it's as smooth as possible.Don't buy in the roughest neighborhood in the urban core.

The way brokers are paid is roughly the same as any bank pays its employee MLO except most brokers are able to select lower margins and sell lower rates/fees because they have lower overhead and less risk in their business model so it makes ensuring low origination costs easier. 

(Typing "Canada" out will help ensure that folks who know Canadian mortgages can offer input.