All Forum Posts by: Kerry Baird

@Chris Seveney, right on! 

One time when I bought on owner financing, I totally forgot that I didn't have property taxes included in my interest-only payments to the seller.  Yikes.  

Variables that might change that number would be size of house, number of beds, extra duties you want the team to do (like fetch supplies) and perhaps the drive to a remote area.  I'm pretty sure every cleaner everywhere hates making bunk beds, as that adds time and complexity  There will be extra hair and possibly more if you allow pets. 

That stinks.  Hard to imagine she had the mobile home demolished…! 

When I was younger I sold a condo with a lease option, but didn’t do it correctly; I had to evict and foreclose.  

Thank you for posting.  I’ve not filed yet and need to.

So, that specific area isn’t in a high-growth stage.  You have to sell to realize your gains, and will lose on the transaction at this time.  The properties are rented and the debt is reducing via tenant rents.  You have tax benefits through depreciation and you are gaining experience via property management.  Raise your rents annually.  Hold steady.  

Yes!  This is a super boring, super amazing solving-people’s-problems path! 

Welcome to BP~ 

I want to encourage you to look in your local area.  Ride your bike and talk with people you see.  Get in front of tired landlords, who may offer you a hand up.  I have gotten seller financing from this exact set of steps, which may enable you to find a seller-financed property.  In order to find something, one must look for something.  :D

Tell us more about these loan programs~

Great topic, which is made better with examples.  Thank you!