Thinking about selling a couple properties and carrying the note.

Questions:
1) What do you require down? (ex: 10%, 20%, 25%, etc...)
2) Pull Credit?
3) Interest rate you charge?

Any other words of advice o...

Just food for thought.

Being a title holder, but not obligated on the mtg., doesn't affect getting other financing.  

We talked a lot about real estate and family, but we forgot to talk about the food scene.  

It seems that already even a simple meal from a subway or fast food restaurant has increased quickly even in the past year.

I noticed there were hot plates in the house to cook food on the unit that is rented... low and behold they didn't pay their gas bill so they don't use the stove.  

I would go to the bank/ mortgage holder with your uncle and explain the situation.  

Talk is cheap - look at his credentials before investing in a mentor.Be smart about what you do and who you work with - you can look at listed real estate but your best deal is going to come from dealing directly with sellers.Also remember creative financing techniques - nothing down deals - Control and Roll System - Delayed Settlements - Hybrid offers - and don't forget owner assisted financing and make sure you always ask for a principal mortgage.Have fun - make full disclosures and make sure you understand the laws related to mortgage foreclosures - fail to do this and you may have a paid vacation to the Gray Bar Motel (a nice little room with one small window and the food is free, but the space is restricted).Remember your goal should be CASH FLOW or EQUITY - forget the emotional appeal - it is all about numbers - understand them and you'll do well in Charm City.Charles Parrish

There is also a dollar amount established by the note holder which they will not take less than and therefore will bid up to the outstanding amount, typically.

Sure it is, but a heck of a lot better than maybe having the LLCs Vail pierced or causing my SDIRA to need to be liquidated due to improper actions.Just food for thought.