I'd have a considerable amount of equity to leverage for another property.However, if I understand correctly, you're saying that it would be more beneficial to just run a positive operating leverage while making minimum payments, and then after a year or two, use the accrued equity to leverage into another deal?

I was asking out of curiosity to see if anyone would be interested in this, i'm glad you think it is a good idea!

Just out of curiosity, was this wholesale company based in FL?

It enlightened while sparking curiosity.

Just out of curiosity, what is the address?

Out of curiosity, what did that house on the courthouse steps set you back?

Sometimes ( ask me how I know) a state tax sale can occur at the same time - and this investor can actually foreclose on your home after 18 month or so - and take your house, with his lien accruing 18% interest - when you think you own your house without liens!

Is there any way for him to get out of this predicament without them seizing everything he owns and potentially all of his accrued equity with it (including his own house which is paid off) ?

Also, out of curiosity, what are the valuable points you've picked up here so far that you think will also apply in Zimbabwe?

Account Closed No it doesn't and I've never seen it before on previous contracts it was more of curiosity after hearing a story of a seller having an issue.