Q: How do you keep track of the mortgage being paid by the seller? A: the agreement you can state the conditions of getting a copy of the mortgage statement and the tax bill every quarter, six months or annually Actually, you can also follow the tax bill for whatever county the property is in to be sure there are no for or delinquent taxes. Q: how do you determine if there is enough return on investment to complete a transaction? A: I look at the down payment, for example 5K down. If I can’t 10 X that in 36 to 60 months, I typically will walk away. In reality, the 5K should be worth 50,000 in equity if the property goes up 3 to 5% in value in depending upon the purchase price, of course There’s an additional monthly cash flow and I try to get 300 per month that’s an additional $18,000 When you add the two together, it’s more than 10 X The home pictured was $85,000 They would do owner financing for just one year Within the first year, I borrowed hard money at 10% and then sold the property three years later for $139,000 It was an estate, and I bought it directly from the children The key is low down $ to control property. I have put down 1000, 3K, 5K and the most ever 10 K which was on an eight unit listed below on and other post

That question was asked on one of the largest real estate investor sites in the nation on Facebook Here’s my answer Single Family, Multi Family AND Commercial Real Estate! Thats it! Nothing else! If you put very little money down, it’s not hard to do 10X and low risk! If you put 100,000 down, you have to make $1 million and high risk! In my 35 years, I’ve never put more than 10k down on one property and that was an eight unit It did 25X over 72 months. 5K turning into 50 K is an every 36-60 month occurrence (in most cases). I typically don’t go shorter than 36 or 60 months! Some rent to own you can put $100 down the old gurus used to put $10 down! A good faith consideration. All part of our 3 1/2 easy steps Locate – Negotiate – Contract – Keys (My first BB Method Multifamily/Pictured 531 W. Lake Ave., Barberton, Ohio) I bought and sold twice over a 30 year period) $2500 down early 1990’s (40X) after three years & $5000 Down 2014 (25X) after five years

Bank Busters 3 1/2 Easy Steps to Buying and Selling Real Estate! Commercial too? Yes!!!