Looking at wholesale to start out, possible sandwich loans etc.

I personally call it a "Sh*t sandwich," and if you aren't ready for a bite, lol don't order an as-is property.  ....Especially with you being 3 hrs away, this isn't something I'd suggest doing in your situation.    

Restaurants or bars will work with you if its on an off night and everyone understands the need to buy a sandwich and have a drink or 2. 

However I still do need an Alaskan Real Estate lawyer.Has anyone ever done a sandwich lease option anywhere in the state of Alaska?

My student loan debt will be wiped to zero soon using that refinance money.My partner/cousin Phil, works with his family on a Viet sandwich shop business/wholesale but they just moved from Canada so they do not have much on paper as far as income.

Hi BP friends, I'm restarting my investment career in San Diego and have decided to go with the sandwich purchase option strategy.

You can do a sandwich lease option or lease-option assignment get out of the dealBuying on a contract for deed or land contract allows you to get some kind of title as a buyer, you make payments as agreed and then get the deed down the roadBuying on a wraparound mortgage is another way to purchase a property without a bank.

Do sandwich lease options.

If you do a "sandwich lease/option" it involves very little money out of pocket (for a very short period), and a hole lot of profit from multiple streams. 

Show the seller what he will receive over the period of owner financing --if seller took back $100,000 @ 8% interest, interest only payments, paid monthly with a balloon at the end of 60 months - would look like this 8% x $100,000 = $8,000 a year ($666.66 a month for 60 months = $40,000 plus the principal balance in a balloon payment of $100,000 - so the seller get his equity of $100,000 plus $40,000 in interest) these facts can be very motivating.Seller needs to know about capital gains and the benefits of seller financing and installment reporting.Seller can use the financing note as a down payment or other real estate or sell the note at a discount.Seller can split the note - 4  $25,000 notes or 2 $50,000 notes - again these notes can act as down payments  deposits on other real estate, sold or retained as monthly income or given to relatives as gifts.When seller financing is accepted - you may want to consider the following agreements or clauses:Always build in a discount in the event you pay the note off early (big savings here).Always make the mortgage a First Subordinated mortgage - this means that if you refi - you can place the seller's mortgage in 2nd position - since a lenders usually wants to be in first position.Make that mortgage fully assumable with release of liability - that means when you sell the property, your buyer can assume it, and you are released from the obligation (this is good)When selling the property - you can do a wrap-around - meaning if your interest to the seller is 5%, you can wrap the mortgage at a higher rate - like 10% - that means you are making 5% on money you owe - this is sandwiching the mortgage (this is good - never stop negotiating)Build in a clause that allows you to walk the mortgage to another property with equal or greater equity - this is called substitution of collateral.