I’ve done both for OOS REI and it’s time consuming and I did it for free to build relationship and got burned and will be slower to consider it again…but, still, after 3 weeks I would still be back to my first paragraph.

If there was too much heat the weld would burn through.

I am talking they stated things similar to... the best thing that could happen would be you buy it and it burns down.

Looks like you are going to be light years ahead of your friends but don't burn out too soon and enjoy the journey.

i think owner financing is the best way to go, of course make sure your paperwork is up to snuff for both your interests and the buyer so no one gets burned, but it definitely will open up a larger pool of investors wanting to buy your property, i hunt seller/owner finance deals but here in my area they are like finding a 4 leaf clover, almost unreal  but make sure you have the proper originator/attorney help with the paperwork so it is filed correctly and recorded so you are doing it legit. but as far as the deal it is how ever you want it to be,  the term,rate,down payment "if any", complete casual an creative finance option for people, "of course negotiating with the buyer on terms as well" but it has limitless possibilities for you and your buyer, best of luck,Jay,

It is raw land, undeveloped. there use to be a house on the property but since then its been burned down and hauled off.

HiMarkI "started" into wholesaling in 2013, found 4 great deals ($75k to $105k profit after reno) BUT didn't have any relationships with "BUYERS" so I showed the properties to some scumbag investors, they waited for the time I had control of the properties to lapse, I pulled out, they moved in bought the properties at my negotiated price and BURNED ME out of my requested assignment fee($5000). 

Hi @Robert Burns @Joe McCall @Brian GibbonsI have been studying WLO for the past 2 weeks non stop and think I finally get it.

I recently came across a burn out on the mls... the asking price is $355k.

@David Burns Okay sounds good.