Investing in With No Worrying About Repair Costs

In my earlier investing days in Virginia, I did what so many other real estate investors do. I bought rental real estate properties. We had to repair the properties and get them into rentable condition, negotiate with contractors, deal with cost overruns, materials and so on. Then after the house was rented, we had to worry about broken refrigerators, broken windows, leaky roofs, clogged toilets and on and on. It was rare for us that we could go a week without some sort of problem. The cash flow was too tight to pay property managers, as well.

A good deal of the problems we dealt with were because we were working with renters. Renters do not usually have a strong incentive to take care of the property.

Then I came to San Antonio and I learned about the wonders of owner financing. Today, I receive a payment into my bank account every month for $800. My owner finance buyer takes care of the property herself, because after she pays me off, she is going to own the property. So, everything is taken care of for me. I never have to worry about a single repair on the property or anything that goes wrong. All of that is taken care of by the buyer of the home.

I have found this type of investing to be so refreshing and so easy! I really like being able to just focus on buying the right property, finding a good buyer for the property, and sitting back and enjoying the long term cash flow. I would never go back to renting and repairing properties again. jpickett