Mike,Thanks for the reply...yeah, I've heard the statistics on lease options, but, I guess if the eventual sale would somehow be guaranteed, my leanings are toward fulfilling the sale and using the proceeds in a 1031 to move into two or three new properties, which would hopefully give me three properties with 80k equity outright in fifteen years...what do you think?

Lisa,No offense, but the entire BP forum system has been around for a while, and the members for the most part have been fulfilling exactly what you state you will do.

Aside from wealth I personally think that educated people live more fulfilling lives as well because they have more options to choose from when they decide how to spend their time daily.

It is a bit risky and you would have to come up with the money to fulfill the terms of the redemption if it came to that.So you would pull as much money out of the Heloc as you could when you find the right property to buy and cover the renovation and carry cost, right?

However, there is also a need to be fulfilled.

They are also useful for people who need to bankroll the payment of a future estate tax against illiquid assets such as a family-owned business.Term life policies are a better choice for MOST (emphasis mine...consistent with what I have said since the beginning of the thread and all other threads) people because most of our long-term commitments are fulfilled well before retirement.

newlife, a contract is an installment plan where you don't get title to the property until you fulfill your payment obligations...a note, is just like going to a bank, and the seller will be the mortgage holder, just like a bank...the day you close, youwould take title to the property...btw, did you figure out a solution for this property?

But that still gives us most of 2011 to fulfill our goal of acquiring another property for that year.

If they don't, take action then.Alternatively, perhaps you can make a case the lease terms have not been fulfilled and start termination proceedings right away.

It's called a "contract for deed".....you get the deed when you fulfill the terms of the contract.