And it's on a C neighborhood.

However, sub $50k props are almost always in C/D areas (unless you happen to just find a neglected prop in a good area, but good luck hunting one down from afar).

Yes, so basically the reality behind owner-financing is that it happens for one of three reasons: A - property is defective in some way and owner-financing enticement is absolutely necessary in order to attract a buyer; B - owner's taxable event implications; C - owner wants to convert the face value of CF from rental income to note income.

I can't speak for Chattanooga, but I've been able to find some "D+ to C-" properties in NJ that I've been able to purchase in "B to B+" areas and improve them for instant equity.

Nicole C.

IF you are in a class b or c neighborhood, people know the schools. 

Hey everyone, I'm working a potential deal right involving 30 property portfolio (class C properties).

I was told it will take 3-6 months to get my deed/title b/c it goes to a third party who sends to the county for recording who sends back to the third party and then to me.

Imagine:1. no a/c--it broke two years ago and no money to fix2. no car---uses bike to get groceries, etc3. not old enough for SS4. no steady employment5. no insurance on house--maybe a couple of different reasons but cash is certainly one of themThis is a perfect candidate for either buy and hold, or buy, rehab, flip.

I got it for $350kHas two a/c units with heat pumps.