Investment Info:Single-family residence fix & flip investment in Fond Du Lac.

Investment Info:Single-family residence fix & flip investment in Fond Du Lac.

One of the motivation to switch to Realty Specialist job is that I am always fond of real estate and will do well.

Very fond memories.

Personally, not really fond of the Android.

I'm fond of Dayton, coincidentally where I currently live and invest.

I wanted to see what you all thought of the deal.Cost: $250k Down Payment $25kInterest rate: 3.75% (30 year fixed), 5.239% apr (includes fha funding fee of $3938)Monthly Payment: $1766 ($1060 PI, $70 HI, $394 taxes, $241 pmi)Rent: $1200 (currently rented, tenets are great and probably will stay)Net monthly out-of-pocket: $566We aren't too fond of the high pmi, or the additional fha fees, but doing a higher down payment is not really an option at the moment.  

There are plenty of things in this world which I am not fond of.  

I'm not the only one who thinks Rent-to-Own is a misnomer, the taxman (CRA) is not terrible fond of the term either.One issue you must consider when qualifying tenants here is there financial fitness and their ability to secure financing when the option comes due and is exercised.  

@Gabriel Caron pour repondre a votre question, je n'irai pas emprunter de l'argent aux gens qui fond du bicycle a gaz si vous comprenez qu'est ce je veux dire.