Once the note is accelerated the seller/buyer either needs to pay off the entire balance within a legally prescribed period of time, renegotiate a satisfactory solution with said lender, or face possible foreclosure filing. 4.

The best way to own these lower price point homes is to pay cash if you can.

I am curious to get an update after you launch.

But there’s no benefit to be gained. 

Happy to discuss this with you further.

To keep everything organized, I swear by Asana for task management; it keeps me on track.

Also, it goes without saying that if you make a procedural error (very likely as the process is designed to trip up the unsophisticated landlord, and all tenants have the right to a pro bono attorney), then you have to start the process again from scratch. 

Would I be able to purchase that if I tell the lender I have the intent to live in there and be able to put down 5% and if so what do I need to tell them about the current primary.

Had the chance to do this flip with a close friend that did not have to capital to take it on themselves.

The reason is because I will get to save on rent and will get to know how real estate market works.