Yes, I may pay one to two points more in interest {but quite often not}, but there is no bank bureaucracy ... specifically the deal does not count towards that imaginary number the bank has about how many mortgages one person/company should really hold ;-)From the vendor's perspective, they get an interest rate on their money that is better than they could in a bond or money market fund and, at least here in Canada, they have an opportunity to defer a portion of the capital gains realised on disposition.

It's not because of asbestos but something that I realised with this discussion that I am new to this and would want to avoid anything that would require a lot of maintenance.

Originally posted by Frank Hughes: Thanks Roy so how can someone like me make money from assignments there are hundreds of potential opportunities where I live but i don't know what to do alot of people have told me that it doesn't work so I'm kind of scared to make a move and fail but really want to do this .I have attended seminars and workshops but they never tell you how to get started.I need help and if I can help you in return I wil Frank:I did not realise you were planning to wholesale.

FHA and or conventional is just one of many vehicles that is out there to enable you to realise your goal(s).Just closed on a property with 50% of the purchase price from a private lender at 10 % interest rate 1.5% origination fee 5 years balloon 🎈 payment with the option to re-extend,no pre payment penalty.Am in the process of doing a portfolio refi to 3.625%.I took this route because I was being told my DTI is too high,but my will to overcome the problem is even more high...hope this scenario helps you to broaden your options out there to help you acquire more properties.

I go to ignore mode and usually in short order the tenant quiets down realising you are not going to respond to any requests or complaints.

It is not about ways to increase profits it is about realising what the term market rent means.

Purchasing with cash reduces a properties cash flow when you realise that any property actually has two income streams.

Sorry if I was confusing about tax, having paid self-employment tax my whole adult life, I think of it as SS, and I'm so resigned to taxes that I didn't even realise we weren't paying any SS on our RE cashflow.

@Nathan Owen If you look at the last 20 years you would realise that it's not really risky at all plus I always work to pay that off as soon as possible so I can have money for the next project so it always ends up being a short term loan For me

I worked a full time job and work as crazy on a side job, fixing car after work and the weekends ,saved as much as i could i did not know what i was going to do with the money i just wanted to save as much as possible, one day i realised  that my money in the bank was not doing anything,  so i went online and searched for different  investing  strategies,  what made more sense for me was investing in real state.