Work on my spielOne piece of good news is that I did go see my first property (this was shortly after my last post).

Especially if you truly turn the loans within 6 mos. to a year.There is also an opportunity to use an AITD with a shared appreciation mortgage, where you maybe take a piece of the profits at sale or refinance in exchange for a higher LTV or other concession.Servicing is setup on the wrap to get the full monthly payment on the $65,000 loan, with the underlying first payment being paid, then the balance of the payments being paid to you on the 2nd.A basic basic sample might look something like this:$65,000 loan amount at 12% I/OPayments $650 monthBroker's 1st lien for $58,500 - 10% I/O -- $487.50 mo or $5850 yr..Your 2nd lien for $6500 -- Rate arbitrage balance $162.50 mo or $1950 yr.It's important in this course to always compare loan constant, yields, as well as rates.

There were also people in south Texas that would take a piece of land, build cracker jack houses, and sell them on a lease option, having never platted the lots.

I usually try to have a piece of paper and pencil by my side whenever I am listening to the podcasts because I will usually hear something that will give me an idea to research later. 

I offer two pieces help you get started.

As now a senior member of this community, I've got a few pieces of wisdom for you today:1.

One more piece of advice is to go to your local sheriff and ask him what your options would be when it comes time to evict.

He knew about -business, -legal issues, -tax issues, -marketing, -sales, -promotion, -networking, and most importantly he knew about people (psychology).The first thing he did was tell me that you have two ears and one mouth, and y should listen more than I talk.Second thing he did was have me read "How to Win Friends and Influence People" by Dale Carnegie. 

I found a free piece of software on cnet.com called "Elite People Search" that will let you search for names within selected cities.

Purchase a piece of and place a manufactured home on the lot and rent it out in the future.I've done some research but the land I'm looking for must have access to city utilities.