All Forum Posts by: Travis Elliott

Good points thanks

Then buying another one and saying that you are going to live in it. What kind of trouble can you get in doing this?

I am buying 2 houses one will be owner occupied and one will not. Next I would like to buy a third house from a second bank and tell them that I will live in it in order to get a better rate and less down. Is this trouble? will they ever know?

Wheatie

You look like a kung fu master. Maby that is why you have such a Real Estate Zen about you. Thanks for the good info again.

As far as price I am waiting on the aprasial but I think it will be around 60,000. So where do i get a good option contract? Does anyone have one that they could email me?

Thanks Travis

Hope this is the correct area to post this.

I would like to sell a house to a tennant on contract. I am just buying this house so I do have a loan. She can come up with 5000.00 down and monthly rent is 450.00. So how do I set up the rest of the deal? Does some rent go twards the mortgage?

Please fill me in

Thanks PNW

I dont think that I want to kive in a house every two years and then sell it. I own a mobile free and clear and I live in it with only 120.00 lot rent. I am going to close on two houses mid May/ They will both be rentals.

I am open to other suggestions.

I am waiting to lock on two houses but am not sure what is going on with the loan rates. Any ideas where they are going.

Thanks in advance Travis

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Well the bank would come and take the house from you. Lets say you bought the property from me on a subject to. Yoy pay me each month but I dont pay the bank. The bank comes and forcloses

Thanks Priimo and Gainnsville
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So some questions because I am still confused.

What is the best way to advertise for this and what should I say to them in the advertisement?

What if the seller took your payments and never payed on the mortgage?

Where do you get your comps to check the value of the home at?

Thanks guys

So how do you find these people. I am in a market that is still strong