There are many fish in the sea.

Backstory: For the past 5 summers, my dad and I have been going on fishing trips in Alaska and the past 2 we have had the opportunity to stay at this incredible lodge in Thorne Bay. 

Fish -- if you have tied up "prime properties" in a legitimate college rental area that are 65% of ARV you will have NO PROBLEM finding interested buyers.Why are you not doing exactly that?

BUT if you always have some shortsales in talks you will be just fine.It is almost like fishing and you cast multiple nets and check them periodically.

We continue to see lots of Chicago people moving farther out of the suburbs and commuting so that's great news for us small fish :lol: I just bought another fixer upper and curious if anyone is familiar with land contracts?

I'm starting to wonder if the Seller is just fishing for a base price (this lot is hard to comp) instead of actually wanting to accept an offer.

Roy, followed this through three forum posts, LOL.I'm a fish out of water as to mortgages or requirement out of the country, in your neck of the woods.Basically, other posts cover most of this on BP.You probably have a mortgage, look at it as to form and content for your note.The costs involved should be minimal, filing fees are a few dollars a page here, I doubt any second here could rack up a hundred dollars in costs, not counting an attorney fee.As to terms, here we can offset payments, allow accrual of interest and such on loans not cobered by our SAFE Act.If you want to piggyback interest, it's better to have a higher rate with an obligation to pay a lower amount which would allow the remaining interest to compound if simple interest.Really need more information as to what you want to do or how you want payments to be paid or received to suggest details.But again, you need to take all this to an attorney up there, what I do or suggest may not be applicable. :)

The best you can hope for us to become like the great majority of wishful thinkers who can't understand why fish don't just jump into their boat.For the newbie type wannabie investor, we have all spun around trying to figure out what works, tried this and that, got little or no traction, got frustrated and want to learn the recipe for the secret sauce.There is really nothing wrong with spending thousands on your training, if you are able to get good value for it.

Settlement was set for while Neal was away fishing in the White Marlin Open (a trip that had been planned for some time). 

Someone fished em out one month about 2 yrs in.