would you buy a 450k property to make 300k long term?

Question

My question is, would you buy a 450k property owner financed with nothing down and no interest, the the value is 650k currently and rising, but couldn't really utilize the property for 3 years or lease it out.

Dan Wells · Answer

Hi ,thank for the reply, 450k purchase price, 3k per mo, no interest, no money down. He gets to occupy the property as well as I do and that time allows for him to clear a bunch of cars out and sell some things. it could be before 3 years that he leaves. I can still develop the property but can't kick him out for 3 years.

Brandon Sturgill · Answer

@Dan Wells yes...off the cuff. But I'd need details...what you'll find in this industry is that investors are so hell bent on cash flow that they forget investing in real estate is about controlling assets. Most guys on this site have a W2 job, so long-term control on a purchase money mortgage is a great play if the terms make sense. Cash flow is a secondary component...and if you have W2 income, it's not all that important...the better play is long-term equity...anyway,

What's the situation? What are the loan terms? And why can you not do anything with it for 3-years?

would you buy a 450k property to make 300k long term?

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