All Forum Posts by: N.A N.A

Just find an agent...

Why not just sale right away in that case?

Who do you guys use? Saw an add on this site once, but can't seem to find it now. It was under $5/month.

How do you run these checks? Thanks Mike.

anybody?

I'm looking at beginning contract sales and would greatly appreciated any advice you have on screening tenants. How do you do your research, what do you research, and how do you determine who's acceptable and who's not?

THANKS!

I don't think negative cash flow would ever be ok. Pull out just enough were you're still bringing in money every month.

What type of corp. would you guys suggest, and why?

No problem Mike. Always good to hear your opinion...

On a $65,000 home at 80% LTV the monthly payments are $345.96 with 7% interest. Add $40 a month for insurance and there is no mortgage insurance. When selling on contract they pay the taxes. A $65,000 home being sold on contract brings $650. That's over $250 a month in positive cash flow, is it not? Not to meantion the 10% they've put down on the purchase upfront. Which I would certainly turn and pay towards the principal. 90% should still put you over $100 in cash flow per month.