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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Tradelite who wrote (5318)	9/15/2002 7:47:01 AM
From: Tradelite	Read Replies (2) \| Respond to of 306849

Another thing I would have added to my previous post but didn't have time to edit would be: Think about the gift of today's low interest rates when acquiring a property that might be sold via owner financing to someone else 10-20 years down the road, when interest rates could be much higher, and owner financing carries a premium interest rate of at least 1 percent higher than the market rate at the time. Seems to me, and I could be wrong, that there is gold in dem dar hills in the future for some people. Meanwhile, I enjoy the 8-percent interest I'm now getting by providing owner financing on a little piece of property I own, and will not be happy when it's time to hand over the deed to the buyer next year. The monthly payments will stop, and so will the music. <g>