It's all about the numbers. If you make more money that way do it. I like 30 year mortgages because it's all about control for me.
Buy houses that are 100% owner financed (or close to it)...Rent them for profit.Is it as simple as that?
Quote from: Bluemoon06 on April 09, 2016, 11:31:25 amIt's all about the numbers. If you make more money that way do it. I like 30 year mortgages because it's all about control for me.Totally agree. The issue: Making more money doing 'that' way.Quote from: Redstar1324 on April 08, 2016, 06:38:05 pmBuy houses that are 100% owner financed (or close to it)...Rent them for profit.Is it as simple as that?It all depends on the price you paid and the cost of financing.Otherwise buying a $500k house, with 100% seller financing at say 5%, with a rent/price ratio of .5%, isn't gonna push off any rent profits, anytime soon. Just saying.
Quote from: javipa on April 09, 2016, 03:40:12 pmQuote from: Bluemoon06 on April 09, 2016, 11:31:25 amIt's all about the numbers. If you make more money that way do it. I like 30 year mortgages because it's all about control for me.Totally agree. The issue: Making more money doing 'that' way.Quote from: Redstar1324 on April 08, 2016, 06:38:05 pmBuy houses that are 100% owner financed (or close to it)...Rent them for profit.Is it as simple as that?It all depends on the price you paid and the cost of financing.Otherwise buying a $500k house, with 100% seller financing at say 5%, with a rent/price ratio of .5%, isn't gonna push off any rent profits, anytime soon. Just saying.Should I just give up on this? It doesn't seem like anything is working.There's always a problem. Be it mold, termites...And I have no way of getting any "skin in the game" any time soon.