Updated over 9 years ago on . Most recent reply
General Question. Please give your thoughts.
Hey, guys! I have an SFH going asking for $39,000. The house is in great livable condition. The area is a nice area. 3beds 1 bath 1020sq Which terms are good for starting out on 1st rental?
Private Lender Terms
Property Specific Loans
4-5% on Loan Fees
Interest Rates 7%
75% to lend for purchase price
Appraisal have to be 45K or over
Seller has Land Contract Terms
Purchase price 45K
12K down payment
$600 monthly
5years or less payoff