At one point during the past boom I had some experience in entitlement and tiny lots in giant cookie cutter subdivisions sold for $35K in bulk to builders.

"A" may simply be buying himself that time with the balloon note.The other flip side of the coin - in the rare event he's not able to qualify in 1 year time- there's family. 

No, it says cash due at closing, but we are not able to obtain the cash.

Locking the loan for 2 or 3 months has a downside if I am not able to buy any properties in that time period.  

Lastly, in each and every fractionalized note, I have my licensed broker notably facilitate the transaction, but he also acts as the admin for each oft he lenders on the note which includes collecting the payments (if payments are part of the note), filing for foreclosure in the event of default ( which has never happened and won't because I would never allow it to go that far), and handle all the paperwork on behalf f all the lenders.

I don't know exactly what is in store for the Zillow giant but if they keep making great decisions like this, it has to be all good and very little, if any, bad.

just wondering what if I invest and then I am not able to get a visa to go and sell the property in UK.Saj.

If you are not able to come up with $1,000 in EM then you might want to either beg, borrow or steal, minus the steal.

He got out and called fire dept, but they were not able to save the building.

Hello Richard, welcome - I am also new to the site and starting out in my early 30's - remember 30 is the new 20 so we're right on schedule - my advice would be to start with rentals - with the economy and market status right now, not too many buyers are going to be drooling for the flips - you' ve gotta remember, with all of the foreclosures happening there is a new giant pool of renters out there, and they need a place to live - good luck to you!