Can anyone explain if you think turnkey is cheaper than mls listings?

He then explained to me that the 25k is so that the owner can get caught up on the mortgage payments, closing costs etc…Now I am a newbie in the game of real estate investing, but for some reason it just didn’t sound right to my giving the owner 25k to cure the loan on my behalf then pay the mortgage company each month after I receive the deed.

Hope that explains it alil better.

Can you explain the %5 add to gift cards?

I shouldn't have to explain the transaction to a lender they should know how.

It seems like it could be confusing and cumbersome explaining that I am not going to buy their property, but am going to refer it out to someone else who will buy it.

Most of my clients allow some work from home.Living well below our means allows us to afford buying 2 houses a year (the challenge is to find the deals worth investing).We don't currently live on the rental income, but we count on it for our early retirement around age 50, when we will take over its management as a part time job.We involve our son in this process, explain to him why we have rentals, how it all works, and encourage him to think about personal economics.

The fact that the home is only 15 miles away should not come into play but you might have to explain the need for a larger home.

I would just make sure that you correctly explain how empty homes lose value FAST.

., I encourage you to make your offer based on actual numbers vs. using appraised value.You need to explain to the seller that a bank/lender will also underwrite the asset using most likely income on a T-1, T-3 and expenses at a T-12.