The pod cast suggested writing to several people becasue not all of them will want to sell, but chances are that someone out there would rather have the money now than waiti to collect it over the next 5 or more years.Once they agree to sell, the lawyers get involved and then you own that mortgage and the debt is now paid to you with interest.I am sure that there is a way to purcahse the loans from banks also, but I am not sure how unless you just call them up and ask.

Now, if there are other legal ways for me to improve my tax situation, of course that would be nice but with only 2 properties at this point, it hasn't been worth my effort to really investigate.Obviously I'm not even close to a CPA or a Lawyer but would gladly take free advice on how to save myself a few bucks...

You would only have to have the lawyer look at it once.

“The Journey is as important as the destination” Keep in mind that real estate is a process that typically does not produce immediate cause and effect outcomes like many things in life.

These days there are Mold Doctors, mold lawyers, as well as mold inspectors and mold redemation company's.

I've gotten a fair number of leads (but no buyers or renters yet) off Facebook so I'm not sure how effective it is, but if the property is in a college town, I'd do it.

However, in their counteroffer, they ask that we use their lawyer for closing, and in return they will pay the $2000 title insurance.

She said we will go out some weekend look at properties and I will be present with her lawyer all though the process's..

Yes, I know normally the seller pays it all, but effectively the buyer is likely paying about half, in that for a deal without any agents, the two parties could meet in the middle, each saving about 3%.

I've decided to start attending the local Real Estate Investing club to build my network and talk with a Real Estate lawyer to learn the laws of wholesaling in my area.