Updated over 9 years ago on . Most recent reply
Is this a NO-BRAINER deal???
If this were you....
You've come across a landlord looking to sell....
=$70k - condo (no repairs needed, close to a school)
=$1k - property taxes
=$800/mo condo fees
=Just renewed NO hassle tenants renting for $1600/mo for at least 1 more yr....
I'm the property manager so I know there's no pitfalls in this rental agreement or the property itself....
I'm thinking get the property seller-financed....and just start making passive income TODAY!..... thoughts.................?
How would I set up this financing most beneficial to us?
I could probably comfortably put down $20-$25k.....