How to cash out sooner, pretty much the same principle although I think 10 years @ 6% is pretty good and I'd take that and sit on it personally. 45k doesn't seem like a lot of money to raise for this deal if you ask me.

Debt snowball (Dave Ramsey) and a spreadsheet so I knew where every dollar was going, every dollar had an objective, to pay off debt.

:A 'ritual' gift to all children in our lives (ours, nieces/nephews, etc) over the past few years has been the Money Savvy Piggy Bank http://www.msgen.com/assembled/money_savvy_pig.html.The objective is to teach them the difference between "spending money", short term saving, donations, and long-term investment in their future.Robert RuizI grew-up in a family business (fishing) where both hardwork and innovation were rewarded.

If they want principle and interest, then the monthly payment based on a 30 year amortization would be $877.57 monthly.

You would have to meet the 2% rule and get lucky on the 50% guideline to meet your objective but it is do-able and without any appreciation The rub is that in order to sustain that level of growth on a compounding basis you need to re invest the income at the same rate and also you need reserves.

Most of our purchases are never even listed.My company manages 23 plus unit buildings so it might be overkill if you are looking for a lower amount of units, but the same principle applies....network, network, network.

You can imagine what they go through to make the low income units looks good on the outside in order to minimize the the objections of the $1.2M buyer.

He contacted me seeing if I could cash him out and he would agree to reduce the principle of the note.

Over 15, not so much.Here's how I'm arriving at my numbers using the aforementioned 50% rule which estimates all expenses outside of principle and interest as 50%.

Be objective to ensure what you are adjusting to his benefit is not by your hand.