Happy to answer any questions about the situation.Please be safe and stay away from him, or any companies he is involved with. 

There is no real estate involved; they are on a lease.My bank is currently looking at how much they can give us for a cash out refi of our rental condos, but we are trying to investigate all options.Thanks for any advice. 

To learn creative financing, you'll want to get involved with your local REIAs, listen to podcasts, follow people who are educators on creative financing, etc. 

This may not be a worthwhile pursuit if you don't fall under that category because there is some added risk involved.4.

Steps involved:1.

@Jennifer FernézFrom my experience, a solid approach to real estate investing involves focusing on cash flow, building wealth, and managing risk effectively.

A family member contacted me directly, so my agent hasn't been involved at all with this deal so far.In that case, the only reason that you would pay him the 3 percent is you wanted the assistance with the whole process from negotiation, home inspection, negotiating any repairs, mortgage and closing and title referrals.

Just bear in mind that trips to Maui involve 'discretionary' funds...A few more things to think about during your due diligence. 1.

It may involve creating a trust or moving the deed into an entity.  

Like most things in real estate, a lot depends on the circumstances of the individuals involved and not just the numbers and figures.I hope this helps explain my thoughts, and I apologize for the lack of clarity when I defined "arbitrage".