Acting as a bank

[Daniel Peavey]

What do fellow investors think of selling investment property that is paid for 100 percent.

Acting as bank.  30 years of payments.  What are costs associated with foreclosing process.

What are other benefits and pitfalls

[Jeff S.]

The ability to get financing has everything to do with value. Take away financing and watch property values plummet. What happened to values when interest went to 13% for mortgages?

Our economy is based on credit. Take credit away and values collapse.