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**shenacatro** · 07-25-2012, 02:40 AM

Here is a hypothetical for you Skirnir,

Buy a house for 85,000 in put 2000.00 down, property taxes and insurance are approx 1600 a year, Rent it out for 850 to 900 a month, mortgage payment of 500 a month, the bank holds the note but you receive monthly income, and in the end you would own the property. I don't think selling would be wise in any event because once the note is paid off, you'll have all of the income.

I am not against that kind of real estate ownership.

As far as eminent domain and all the other things you mentioned, sometimes you just got to take a chance.... and if you ended up losing the property for some reason, not much sweat off your back cause you haven't invested hardly any of your money into it, and you've been receiving money every month .

07-25-2012, 02:40 AM	#7
shenacatro Join Date Oct 2005 Posts 474 Senior Member	Here is a hypothetical for you Skirnir, Buy a house for 85,000 in put 2000.00 down, property taxes and insurance are approx 1600 a year, Rent it out for 850 to 900 a month, mortgage payment of 500 a month, the bank holds the note but you receive monthly income, and in the end you would own the property. I don't think selling would be wise in any event because once the note is paid off, you'll have all of the income. I am not against that kind of real estate ownership. As far as eminent domain and all the other things you mentioned, sometimes you just got to take a chance.... and if you ended up losing the property for some reason, not much sweat off your back cause you haven't invested hardly any of your money into it, and you've been receiving money every month .
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