I guess we call get to just hold on for the ride.

I would guess my offers were too low.

Low income area where you are getting that much rent just because it has a bunch of bedrooms, I wouldn't give more than 40k max.I have both, guess which one I hear from the tenant once every 6 months and which one I hear from each week.

I have had a short sale approved and closed in 10 days.I guess I should clarify -- I don't know for certain that it's the listing agent who did the negotiations, but he's the one who seems to be asking for information and passing it on to the asset manager.

I'm guessing the township just wants it off their hands, and could probably use the lump payment.

OK never mind I just spoke to someone and this is temporarily off the market due to electrical problems in the house (I guess my intuition was right?).

So I guess the Lesson is you never know where the strategies learned in Real Estate will come in handy!

I know these are typically the Corporate owners, but you may find one or two that way...I would guess.

I guess I could see the need for this if I owned an apartment complex with hundreds of rentals.

If there was a Hall of Fame for investors, Lonnie would probably be in it.It's too bad too that so many following this scheme did so as preditory dealers to the extent of having federal legsilation adopted to restrict the practice.I guess the best way to proceed is to make enough on your fist few deals, maybe sell the notes for cash and pay the fees to become a licensened mortgage originator and a dealer, otherwise you'll be limited to conducting business.BTW, Another similar "system" involves selling land, if it's zoned residential or can be used as residential raw land, it also falls under the SAFE Act.