I sold it very quickly for $85k with $20k down with the balance at 8% interest only with a three-year balloon.

It basically states that the grantee is "prohibited from conveying property to a purchaser for three months from the date of the deed.Are they basically stating that we have to wait three moths after we close before we can retail the property to our buyer?

I could then choose between the two or three or four...

Between the three of us we've completed a total of three deals.

In three years, say, the former owner is able to buy it back.

If it's a hot lead I like to touch them one way or another at least a couple times a month until they want to do business with me, or tell me they've gone a different route or just disappear altogether.If it's someone not too hot or without an immediate need but still a possibility (like an absentee or foreclosure -say they worked something out and dont need you right now) then I still follow up maybe every month or two or three for like a year.

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Buyers may sue a seller who violates this provision for an amount equal to three times all charges made for the title insurance.

Here are three different ways to structure this deal.1.

Now we have unusual times in the opposite direction.If you think you're going to have to move every two-three years, you should only buy if you can put 10% down, and you're willing to walk away with nothing at the end.