In three years you will have payed only a few thousand against the principle of your note.

That "me" principle all over again which they pass on to their kids.

I finally paid it off because the principle reduction was so small after 6 years it didn't seem viable.

Every discussion I've seen about bird dogging has the bird dog NOT being a principle.

The monthly payments are comprised of principle ("some" of which is a return OF what you've got in the place) some of it's income in the year received.Congratulationsall cash

Or rent it out and hope to gain equity over time via the principle payments and hopefully appreciation.Please continue to let me know your thoughts!

Does it sound ethical to you?

If the bank won't allow "and/or assigns" you can put it somewhere else in the verbiage of the contract and see if it gets thru...or, you can simply make up a fee agreement with the other parties involved outside of the two principle parties (buyer and seller)...most important - get it in writing!

Sometimes having one is a disadvantage as you are subject to a higher code of ethics being a licensee.

The practice has infuriated me for as long as I can remember—mostly because: 1) I am not one of those children or grandchildren, 2) The wacked-out principles behind such gifts, and 3) What often happens to the money and the recipients.