I'm always anxious to pick up info from experienced investors.At the outset he said he was willing to do a land contract at 20% down at 7% amortized over 20 yrs with a 3 yr balloon.

I haven't gone the court house in almost 10 yrs, but if you think that the other bidder's haven't been inside - you are in for a big surprise.

This loan is amortized over 20 yrs but had a balloon after 5 yrs (4 1/2 remaining).

If you could go back and change your educational experience from those 7 yrs, what would do differently?

I've invested in the stock market for 30 yrs and still have money in the market, but, am planning my retirement income to come from real estate.

I think almost all areas have local banks that will do portfolio loans on SFH's under commercial terms.3 or 5 yr balloons, amortized over 20 to 25 yrs with a little higher interest rate.

As to the costs being worth it, I would say for me I checked them out thoroughly by references from others before I moved on spending any money being mentored and coached, and I then paid handsomely to 2 different and very successful individuals, and a local club as well....it was well worth it because I was held accountable for taking action as the deals were coming in to make it happen....I made the people hold me more accountable than I think they even wanted to be....they kept telling me most people won't do what we tell them they must do to be successful in REI....so that is what I did to get going and be successful in the REI....took action along the way....it costed me 5 figures in coaching and mentoring and costed me sleepless nights to change my mindset about what it was going to take to get the job done...some people say it takes 10,000 hours to perfect a new skill...it didn't take me that long and I'm not perfect but I am doing well in it and I really love it as well...and I was 50 yrs old when I started so had a lot of preconcieved ideas and mindset to change....but REI is a great thing...worth it for new friends, $$$$$$$, time and freedom....focus...etc....hope this helps you!

It was landlord friendly ;) and they have been in business there 4 yrs.

I bought it for 145K. it was unoccupied for 3 of the last 5 yrs.

Bc it was our need too at the time.So renting it out is no problem.my current tenant and family is 4 going to 6 yrs bc need further studies.