2) if so that an additional monkey wrench which will definitely influence the value of the note 3) What's the interest rate...higher is better providing it does not exceed the usury rate for Colorado 4) How long is the maturity....shorter is generally preferable within limits, and results in a higher value 5)  Are you wanting to sell some of the note or all of the note?  

I guess what I was thinking is if I'm getting (for easy numbers) $1000/month in rent and mortgage is $500 should i take some or all of the extra cash flow and pay more on mortgage or not?

.—(1) As used in this part:(a) “Broker” means a person who, for another, and for a compensation or valuable consideration directly or indirectly paid or promised, expressly or impliedly, or with an intent to collect or receive a compensation or valuable consideration therefor, appraises, auctions, sells, exchanges, buys, rents, or offers, attempts or agrees to appraise, auction, or negotiate the sale, exchange, purchase, or rental of business enterprises or business opportunities or any real property or any interest in or concerning the same, including mineral rights or leases, or who advertises or holds out to the public by any oral or printed solicitation or representation that she or he is engaged in the business of appraising, auctioning, buying, selling, exchanging, leasing, or renting business enterprises or business opportunities or real property of others or interests therein, including mineral rights, or who takes any part in the procuring of sellers, purchasers, lessors, or lessees of business enterprises or business opportunities or the real property of another, or leases, or interest therein, including mineral rights, or who directs or assists in the procuring of prospects or in the negotiation or closing of any transaction which does, or is calculated to, result in a sale, exchange, or leasing thereof, and who receives, expects, or is promised any compensation or valuable consideration, directly or indirectly therefor; and all persons who advertise rental property information or lists.

The seller can either state they will not fix anything or agree to fix some or all.

Option 2 is a lot more exciting as it could put you on the news, in jail or get you shot, or all of the above.

An oral contract for the sale of real estate?

Most of my comments on this thread are intended to be general comments towards the idea of paying for mentorship or coaching and not meant to be taken and applied to a specific guru/education/coaching/mentoring program.I just don’t like it when people give blanket statements like mentorship or coaching or all guru programs are scams.

These costs eat up the profit margin for the lender when they have to sell the property, so, as @Danté Belmonte pointed out, these deals are often not worth the time spent or the risk involved from the lender's point of view.Here are some additional places that you can look to find lenders that may be able to help assist you (forgive me if you've already tried some or all of these);- The ‘Network’ tab on BiggerPockets has a hard money lenders tab, and you can search by state.- Local meetups- Speaking with local realtors- Speaking with title companiesAdditionally, speaking with investors who focus on lower-value properties can be helpful.

(Time) on ____________________(Date), Seller may declare this contract null and void by written or oral notification in which event the deposit of Buyer shall be refunded in full.Hope that helps.

Ask about utilities and meters...are they separate or all on one.