Friday, April 2, 2010
I would like to say I'm sorry for the last post. There was one detail that did not occur to me until later at work. You would have to be a lease-to-own buyer for this to work. Or an agreement would have to be met with the owners to buy the house on a note system. If that was to occur, then I would say go for it. That is 3% per year cash flow! The taxes would easily cover the remainder of the amount unless you are of course planning to rent out part of the property.