All Forum Posts by: NA NA

Thank you.

Any other specific ways to save money buying a home (it will be a guide aimed at residential home buyers).

I am putting together a guide that will be called something like "How To Save Thousands Buying Your Next House." I have a fair amount of information now, but I would love any tips anyone would like to share. Thank you in advance,

I just read Marc Stephan's "Unlimited Real Estate Porfit," and loved it. Here in Tucson, however, there seems to be a disconnect between the single family housing and rental markets. Prices are up by 100% in the last few years for homes, (indicating the expansionary phase by his theory), and yet apartment rents have gone nowhere, and there are still empty apartments everywhere. It's an interesting situation. Has anyone seen this in other places?

Just wondering what others think about the "bubble." Prices have stalled in Vegas now, and here in Tucson too. No real drops yet, but if interest rates go up even two percent, there will be any thousands fewer buyers able to buy. By the way, it looks as though fewer buyers will drive up rents here, so this may be the time to invest in rentals. There is a way to play every market. What do you think?

My wife and I are looking to finally buy something small in Tucson, AZ, now that we live here. Anything decent is $150,000 and up, but we just saw what we thought were condos for $35,000. They are nice and just the size we need, but they are actually co-op units. They tell us they cannot be financed, which may be okay, but then the monthly dues are $236 - very high compared to condos in the area. This used to cover the mortgage on the whole complex, but this was paid off last month.

The realtor we talked to seemed confused on the whole issue, and we aren't sure if the monthly dues will go down soon. Seems like a good investment, but I have no experience with co-ops. Any suggestions, or experience to relate?

I understand the principle of a lease-option deal, but just finished a book that suggested using a lease-option on both sides of the transaction. In other words, lease a home (no money down) with an option to buy, then find a tenant to lease it with an option to buy (at a higher rent and price), who gives you a big option fee up front. Have any of you had experience with these, and with what results?

The authors use examples where they put no money down, then collect $8,000 to 15,000 as a non-refundable option fee (applied towards the purchase price, of course). It seems it would be difficult to find sellers that will lease to you for years while letting you sub-let it, and really tough to find buyers with money for large option fees that wouldn't just go out and buy a home. Any success stories here using this method?

We sold a property recently on a "land contract." I understand the principles of selling a contract, but I've never actually sold one. We haven't decided to sell, but want to know what we could get. Can someone with experience recommend a good place to start? Thanks,

I recently posted my story of selling a rental property for $1000 down, and it occurred to me that the buyer may have just put the downpayment on a credit card. Paying the minimum would mean adding only $25 per month to his costs.

It got me thinking back to all the zero-down books I've read,and I would like to ask any of you for any other ways to buy with zero down. I want to put a list of ways on my site. Thank you in advance for any ideas and examples.

After my wife and I bought a beautiful house in Montana for $17,500, we built a web site about nice towns with cheap houses. Our subjective criteria:

1. Population between 4,000 and 80,000.
2. A good library.
3. A good grocery store.
4. A movie theatre.
5. Cheap houses: at least six for sale under $50,000.
6. The town "feels" good.

I want to expand the site, and would love it if any of you know of towns that fit these criteria (We have about a dozen on the site already). Thank you in advance.

I once sold a rental property for 15% more than the asking price, because the buyer wanted in with just $1,000 down. It is almost paid off now, with never a late payment. I have enjoyed the 9% interest as well. This is a classic win-win deal. The buyer is an experienced investor, and his renters have covered his payments and costs. What other creative low-down deals have any of you seen ? I'd like to collect a few more ideas and examples for my site.