When creating the loan the Owner would reference the Applicable Federal Rate for the month the loan was written and set the interest rate at a rate greater or equal to the Applicable Federal Rate.Must report to the IRS the total amount of interest paid by the buyer at the end of each year. (1098 mortgage interest statements)Seller must record the buyers payment, calculate the changes to the principal and interest, subtract the appropriate amount for property taxes and insurance.The buyer can destroy the contents or the property and let it fall into foreclosure and all the seller would receive back is the property.Buyer advantages:Easy qualification, buyer can have poor credit and still qualify for note.No loan costs.Faster Closing then having to wait on a bank to qualify and close the deal.The buyer has time to repair their credit and then try to qualify for a conventional (bank) loan with a better interest rateThe main hurdle you have is in how you approach the home owner.

I read it is best to put them up friday after 5 because they def wont be taken down (at the earliest til monday).

Thepropertyisbeing involuntarily converted under IRC §1033 involuntary conversion is when the property is destroyed, condemned disposed of under the threat of condemnation.

I think he won because the dems didn't have enuff time to DESTROY Brown. 30 days ago, Brown was behind 30 points!

After three years of communications with this LL, I"m pretty sure that being nice wont get far, but perhaps doesn't hurt to begin with.

ok let me run this by you. i wont mention company names or locations. i have talked to a group of investors who have these laws down GREAT and im becoming an affiliate with them. i get 25% of the net profit the first 5 deals and 50% from there on.here is where my mind goes off. these guys are smart, so i would think they may do this but im not sure if there is a max the negotiation companies can chargeso they have TWO companies. one negotiates (they still own it) and one takes the net profit. im paid out of the net the 2nd company gets. so lets say co A is the negotiator and Co B is the company with the contracts on homes and flipping them.so co B buys the home co A negotiated for them down to 100k. then (simple numbers here no closing etc.)they resell for 140k following the new laws too (20% over purchase etc.) so technically there is a 40k profit i split BUT what if they pay the Co A a negotiation fee of who knows, 35k ( see they can do whatever or can they?)

Basically, I have seen it happen a small handfull of times, its not very common.The bank wont sign anything that isnt favorable to their terms, you did read the addenda, right?

If you get them on the phone and they feel comfortable with you then it wont matter later when you tell them you buy rental homes.

Some wont buy below two or three months of seasoning.

And if it is getting near 34-40 put a bulb heater or a small heater that kicks on automaticly(cause tenants wont plug one in).