So the only way I can get this property paid off before all three of my elementary school kids are graduated from college is to sell the property and take my captial gains.What would you do?

A Realtor/Escrow Agent/State RE School instructor, that guy has an incredible ego.They also left out the appraisal requirements at the seller's expense as Curt mentioned..I suppose every time some RE type mentions this stuff people need to look at their expertise in finance compliance and law, then look to the agenda of that party giving that source of information.Why don't people find out that auto sales and financing is much easier than RE or brokering T-shirts from China to stores can be very profitable with very little cash?

It has pockets of great neighborhoods interspersed within pockets of "war zones", new houses on the same streets as old houses, tiny track houses next to large custom houses, several schools have closed in the last couple years; just a lot of variables that you can only know by learning your market.

We also have pockets of great affluence and great poverty that often butt up against each (ie...Woodbridge/New Haven) through our little State.Great poverty usually translates to lessor quality school systems which in turn drives people with the means move to the more affluent areas in the burbs to put their kids in the better school systems thus keeping up or driving up the prices in burbs while flat lining the prices in the less affluent areas, the cities.

Ended up knowing one of the owners from way back when (high school) and they did the rest.

Not anywhere near as interesting as your first texts implied.Call me old school if you want, but I still order an abstract of title.

Anyways all joking aside I have just left school and have been lucky enough to hook up with a guy in Houston who is mentoring me and helping me through the process.

I come from a town with only 1 school district, so it never occurred to me.

There are two schools of thought on that: Never sell anything, because over time, the mortgage will be paid off and appreciation will continue to happen.

If you find another guy who will take it off your hands for more then great if not you should be there at the closing table with your own money.If some of you guys who do not know for sure that they can find an end buyer and do not have their own money to close on the house themselves want to sell real estate so bad why don't you go to school and get licensed as an Agent and be up front with these people?