In this case, with rent around $600 per
In this case, with rent around $600 per month, he would be okay. Real estate investing is about making the deal work for all parties. So be sure that [...] You have arranged for the sale of the first mortgage at closing for $136,000 to a note buyer. A $6000 cash advance on a low-interest credit card for example, would cost him about $135 per month, and give him enough for the downpayment and his closing costs. A couple examples follow. Why would a seller want to walk away from closing with nothing?
San Diego Foreclosures
Information is deemed reliable but not guaranteed.