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