Joe, we get many here who want to make money and really get disappointed as they learn that seller financing isn't as easy or lawful now as the gurus and some claiming they do such deals make it sound. 10 years ago this was easy stuff, some refuse to change, I'm just saying, those that put out bad info either 1. don't know, 2. don't care , 3. have other motives, like selling a book or program or 4. a combination of these issues.

Both units rented with a 1 year lease expiring in October of 2014. 465.00 a month upstairs and 485.00 a month down, $950 combined.

Architecture, much like violin, combines the logical and the esthetic in ways that are uncommon in other fields.

I'm just concerned that they are paying to much for the revenue they are getting.They are listed at 210k each and hope to get them for 180k each and the gross revenue is currently 3,800 combined.

This combined with more units and a crash does worry me.Any more thoughts on the topic BP Nation?

Or a combination of bank financing and owner financing?

Cash combined with courage in times of crisis is priceless.

My wife and I have a plan to buy an Apartment building with at least 24 units, and live in one of them (maybe two if we can combine two units for a bigger space?)

I like the combination of both notes and income property.

Advantages using VA financing:- can use rental income when vacating your currently primary residence to purchase another primary home even with no documented equity requirement in your current residence (conventional requires 30% equity to do so, and FHA requires 25%)- can use 100% of the rent minus the entire mortgage payment while FHA/Conv makes you discount your rents to 75% of the monthly gross minus entire mortgage payment with VA- can be combined with mortgage credit certificates(MCC) depending on what your income limit is in your specific state/county and this can provide a dollar for dollar benefit for approx 20% of all the interest you pay per year.