"It is understood that if this offer is not accepted by September 15, 2016 before 12:59 pm it shall be void and no longer valid."

If I understood it correctly, it talked about exchanging properties when the values had appreciated in an effort to build capital for the long term vs aiming for immediate cash flow. what are your thoughts on that?

If I understood correctly, he is looking to invest around $50K .

For properties sold with no existing mortgage, owner carry firsts were usually 6-8% to make the deal work.This presented a once in a lifetime opportunity for note investors who thoroughly understood time value of money, interest rates, and present value calculations.When you could get 16 - 18% interest  in a Federally insured jumbo CD issued by a Savings and Loan a private mortgage note with a 7% rate is going to sell for a very significant discount to unpaid balance.

@Aaron Klatt got it. definitely understood.

hi matt. i have had some experience with hubzu, none of it good. i bid on a property, the only bidder. my bid did not meet the reserve so they countered my offer with an offer $8000 above my offer. i accepted. thats where the trouble started. i immediately got an email from hubzu confirming the offer and was told i had 2 days to sign all the paperwork and get it and the earnest funds back to them. the problem is, they never emailed the paperwork with the email. i went thru hell just to get them to email these to me, after several emails from them telling me that they were going to cancel the sale and relist the house if i did not meet their demands. i called them directly only to be sent to some clearing house in india that handles their work for them. it made matters worse that the people i was trying to speak to there could not be understood due to their strong accent. i finally had to ask to speak to a manage, who had an even worse accent. i hire an attorney to deal with this. after several attempts to get them to understand that they now had to deal only with my attorney, they finally got the picture to deal with just him. we finally got all the necessary paperwork from them to close, after several more threats to cancel the deal. we filled out all the paperwork and faxed it back to them only to have them tell us that they received only 1/2 of the pages, not once, not twice but 3 times. they received 1/2 of the paperwork 3 times??????

I've always been keen on the idea of real estate investing as a way to build wealth and provide financial freedom and security, but until recently I never really understood what it meant to invest in real estate.

. - Understood and thank you.

I felt like I understood the economy and rental market there well enough to know that I wouldn't lose my shirt.

From what I've read and understood, NYS requires workers comp and other insurance when you "sub" out work for example.