It's like people will tell you to be healthy, all you have to do is exercise and eat right.

The deal becomes far more palatable with a larger spread.I'm not overly concerned with making a killing on this first deal (although obviously it wouldn't hurt), I really am looking at it as an opportunity to get some hands-on experience, and to enhance my ability in assessing repair costs and my knowledge of the local market.

After 24 months if the buyer exercises the option I will finance $37,400 amortized for 15 years @ 11.99% interest.

I look forward to building bridges to connect me with relationships that can only enhance my ability to ensure success!

For those that it does not deter, running things this way greatly enhances your odds of winning those lawsuits.

The loans from 401k are not designed as a go to place whenever you need funds and this option must be carefully evaluated before exercising it. 

I've heard that if you transfer ownership (in this case from me to the new LLC), that the mortgage company could exercise the due-on-sale clause?

Frias has a Bachelor’s of Science degree in Exercise Physiology from the University of North Texas.

The rule is that the replacement property needs to be equal or greater value.So thanks to an old IRS 1031 rule, you can sell your old properties without paying capital gains if you exercise the 1031 and follow their rules.

If that's the case, the entire amount paid before exercising the option could be applied toward the purchase, which would obviously be a great deal if your alternative was a hard money loan or other high interest rate loan.