Who is Dean Graziosi?Dean Graziosi has been investing in real estate and teaching thousands how to do the same for over 20 years! Learn About Dean Graziosi!
Are People Actually Successful?Yes, our students have had amazing successes! Seeing is believing, so watch some of the amazing stories collected over the years.
Does Dean Practice What He Preaches?Yes, unlike most "experts" teaching real estate investing Dean is an active investor buying up to 100 properties a month. See the fully documented list of deals for yourself!
What Deals Are The Students Doing Right Now?Students who are active on this site often post successes they have had and document the process. Check out all of the latest deals posted!
Okay this is my first post.
I am new to investing, and my questions is on owner finance.
I found a Duplex for $429 the owner will carry a $200k @ 6%
The property is probley worth around $389K. (of course i will as for a lower price).
I have good credit over 700 fico and a good job for over 15 yr. with the same employer.
My question is do I get a mortgage for the $229? And if so what it be easy to qualify because am only asking for $229k on a property worth about $390K. Also how dose the $200k work in repaying.
Do I just add the 6% to make it a $212K that I would pay him back.
He told me he needs the $200k and has medical problems.
I was wording how I work the # on the $200k as far as what a monthly payment would be or is that just something you have to negotiate with the owner? Anyway I know this is a ton of questions. Any help would be great. Thanks in advance
"God gives us gifts, warped up in problems"