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Author Topic: Anything wrong with this plan?  (Read 3170 times)

Offline Redstar1324

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Anything wrong with this plan?
« on: April 08, 2016, 06:38:05 pm »
Buy houses that are 100% owner financed (or close to it)...

Rent them for profit.

Is it as simple as that?

Offline Bluemoon06

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Re: Anything wrong with this plan?
« Reply #1 on: April 09, 2016, 11:31:25 am »
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.
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Offline Redstar1324

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Re: Anything wrong with this plan?
« Reply #2 on: April 09, 2016, 02:55:56 pm »
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.

The owner financed notes are 30 years from what he was telling me...

Offline javipa

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Re: Anything wrong with this plan?
« Reply #3 on: April 09, 2016, 03:40:12 pm »

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.


Totally agree.  The issue:  Making more money doing 'that' way.


Buy 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.
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Offline Redstar1324

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Re: Anything wrong with this plan?
« Reply #4 on: April 10, 2016, 09:49:54 am »

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.


Totally agree.  The issue:  Making more money doing 'that' way.


Buy 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.

Offline ritadylan

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Re: Anything wrong with this plan?
« Reply #5 on: January 28, 2019, 08:25:58 am »
Sure it can work, it’s a very popular scheme and works for a lot of people. I was reading an article about it at https://au.edubirdie.com/write-my-essay-australia recently, according to it, it’s a sure way to have more money than you do, but I’s good only for those who have it already. The quantity is important as well, more houses - more money.
« Last Edit: January 31, 2019, 05:22:11 am by ritadylan »

Offline 6Zayn

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Re: Anything wrong with this plan?
« Reply #6 on: May 14, 2019, 10:37:26 pm »
Yea its a scheme undertaken by many. Just keep an eye on the court martials.
« Last Edit: May 19, 2019, 03:48:18 pm by 6Zayn »

 




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