(I just signed up yesterday and have no concepts of this industry jargon yet my apology).

I understand the concept of wholesaling and I see the big picture, however I know there's more; and that's something that only practice and a mentor will provide!

I now know a few more questions/concepts to discuss with both my attorney and the seller.

RE math is not difficult, what can be difficult is to know when to divide instead of multiply or how to set up a simple equation, recognize the proper way to set up the math problem.Can you sell ideas, concepts or things?

When buying a house from a private seller, everyone talks about "putting it under contract" and I understand the general concept.

My original conception of note buyers and those buying structured settlements is that they do it at a GREAT discount because they are preying on (or helping it as the case may be) people who NEED the cash versus people who just WANT the cash.In my case I don't need the cash, but wouldn't mind having it as cash can always be put to good use.I appreciate all your replies, I enjoy learning about new topics like this!

I've done a lot of cut and pasting Edward Scissorhands-style of many posts on BP that address seller financing, but there are several differing opinions on the topic of whether or not it is necessary to use a mortgage broker who originates secondary market loans for a NOO transaction.

It's the first factor in the economic concept of the factors of production; land, labor, capital and entrepreneurship.

Everyone person has a different twist on the same idea or method.A financial advisor has seen many of these different concepts for making and keeping money to build wealth.Do you know the difference between being rich and wealthy is?

Bob Lowry The 2% "rule" is based around a 25-50K house and like Jon said assumes a 6% interest rate, so obviously as you start messing with the basic concept it becomes skewed and doesn't effectively work anymore.