When I first got started in notes and discovered this forum, I spent a few hours and read through every post that caught my eye, going back for about a year.

Here is my article on the 120 unit: https://www.biggerpockets.com/member-blogs/10145/76815-seller-financed-120-unit-apartment

I've been digesting as much content (books, blog posts, forums, webinars, podcasts, etc.) as possible in the past few months, and firstly just want to say thank you to all the amazing and selfless contributors at BP for all the free content... an education already proving to be far more valuable than the one my student loans provided.

The property had sat for much longer than most during the time we were searching so we made low offer, discovered their bottom line, which was much lower than asking (I don't remember the number off the top of my head), and pulled the trigger.

The property had sat for much longer than most during the time we were searching so we made low offer, discovered their bottom line, which was much lower than asking (I don't remember the number off the top of my head), and pulled the trigger.

The property is currently a wedding venue with 7 booked this summer, and we wanted to book the VRBO...which is how we discovered the property.I really like the lease -option idea, but I want to build a house to live in on the vacant parcel.

I loved your blog post that you posted.

Also called an AITD or All Inclusive Trust Deed; the buyer is using the "wrap" loan to make payments to the seller, who in turn continues paying on his original loan while deeding the property to the buyer; the original lender must agree to waive the "due on sale" provision in the original loan; can be an alternative when seller financing won't work because of the seller's loan on the property; original lender may grant permission for a "wrap" to be created; the buyer may qualify to assume the original loan; getting permission to "wrap" from lenders is not easy; there is a temptation for buyers and sellers to create undisclosed wrap agreements; lenders may commission ongoing research of title records looking for undisclosed liens; if discovered, the original lender can foreclose on the seller and the buyer would lose everything, including their down payment.

I want to invest in buy and hold SFH's that range from $100,000 to $150,000 that are within a 20 mile radius of my college.Once you defined what you want to do - educate yourself as much as you can(books, podcasts, blog posts) until you feel comfortable to jump in.Stretching yourself too thin, especially when you start is not a good idea.

It sounds like all these issues would have been discovered with a 5-minute walk-through.It sucks, but it sounds like you chose to rent without inspecting and now you're stuck with it.