seller financing - newbie question - Posted by earl

Real Estate Investing Real Estate Financing
1

Posted by Michael on July 05, 2003 at 24:31:35:

Earl,

That what creates positive cash flow. he pays on the existing mortgage of $500/mo and rents the house to you for $700/mo. he continues to own the home and continues to pay the mortgage down and makes a gross profit of $200 per month.

I’m sure if you did a search for owner financing this site would have tons of info. on it…

Michael

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seller financing - newbie question - Posted by earl

Posted by earl on July 04, 2003 at 19:34:01:

hello all,

i’m interested in learning about seller financing. my first question is can a seller finance me if he already has an existing mortgage on the property?

please point me in the direction where i can research more information on this subject. any response is greatly appreciated.

thanks,
earl