Robert Imberg
Active 1 year, 2 months agoForum Replies Created
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Thank you for your reply.
It is about 30 minutes north of panama city. In an area where there is alot of houses. I said $450 a month because I talked to some people around there and I see what other people are getting on the internet site for rentals on panama in that area. Maybe only $400that is not alot but my payment for me is $200 it is actually $195.00. I would be happy with that.
Maybe some day I meet you in Boquete. we are renting a house there now just outside of downtown, about a 10 minute drive maybe not even that. Go over the bridge over river go to the T in road turn left we are down there a couple miles or so. Very very quiet. We like it alot. Heck I am thinking about going to the panama retreat. Take care.Could I do a rent to own on this house. I use the $5000 for a deposit and I pay the mortgage payment to the bank. If I don’t want to live in the house they told me I could rent it out to someone else and keep the difference between mortgage payment of $200 and say I rent for $400—$450. They just want out of the house. So I was thinking of writing up contract for rent to own $5000 deposit and I make payment to bank. I then set a Purchase price of $33,000 minus the $5000 of $28,000. for 2 or 3 years to buy in future. They want this to happen now. I got the FINCA # I had an attorney look it up and no issues with title. I think it is a good deal.
Sorry I said it was worth $40,000 at first but then I was told it is with at least $60,000. They owe about $28,000 and they want me to pay them $5,000. I then would make the monthly payment to the bank of $200. I would like to just rent it out for some positive cash flow. I was told I could sell it also they said they don’t care.
Thank you for the fast response
I have seen the house a few times, this is the house of my girlfriends sister. It’s a pretty good house they have only lived there 2 years. It is worth at least $60,000 and they owe $33,000. They got a good deal from someone before them that was getting divorced. The mortgage is through a bank I have seen the mortgage papers. It is titled only in the husband name but he has agreed for all of this so far. They want $5000 from me for moving expenses and other things and then me take over the payment of $200. So how would write this up to make sure everything is covered. I plan on renting it put for about $450 a month.
Thank youRobert
