A "Subject to" deal in the making?

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Here's the deal...The hse is $150k, I'm asking $160k w/$10k dwn. The int. rt. is 5.7 and I'm going to make it 6.7 from my buyer. How do I calculate my monthly spread or how do I know how much/least to make it? How much should I expect on the back-end? and how do I get it? confused

Comments(5)

  • dataattack29th April, 2003

    Dude,
    Make your life easy, buy John Locke's stuff. ( you'll thank me later.)
    jason@notarealtor.com

  • pbodys29th April, 2003

    Thanks, Looks like I'm going to have to do that, thought I was taking the easy, less financial way
    Clif

  • pbodys29th April, 2003

    Also don't have much money left after buying Ron LeGrands, the grand must be ($1000's) and Carl Sheets courses. maybe I'll try one more.....whewww

  • KEA29th April, 2003

    pbodys,

    I'm an inch away from ordering John's Sub-To book myself. The way I see it...if the information you gather saves you from making a big mistake, then you did yourself a big favor and the cost of the book/course is definitely justified. Besides, the buzz on John's Sub-To book is all raves, my man!
    [addsig]

  • pbodys29th April, 2003

    Thanks Kev, you've been a big help. See you over in the MH forum..
    Clif

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