How to Tell if Your Deal is Worth It? (Premium)

Every successful investor balances the risks with the benefits.  Let’s test your insights:

You find a house worth $180K; the seller owes $135K. At 7.75%, monthly pmts are $1003.  The seller is $1800 in arrears, and you estimate that you’ll need about $5000 in fix up costs.  In your market, you estimate it will take about 3 months to get a tenant-buyer that will pay the market rate of $1350 per month.

Is this a good deal?

Let’s do the Math.  Let’s review the numbers below and then break it down.

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What to Watch Out for in “Subject-to” Deals (Premium)

Real estate investors can’t help but get excited about acquiring property “subject to” the underlying mortgages.  It’s like getting a “Free” house…
But is it?  Arrearages, repairs, and carrying costs can drain a bank account faster than it takes to notarize a deed. 

In this video, Richard gives you an in depth plan for doing your due diligence so you don’t get burnt.

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