Welcome to BP Kevin Schermerhorn,You seem like a sharp guy that has a lot to gain by making things happen now for your family!

Take some time, educate yourself on the process and what it takes to succeed, develop a plan and gain some experience...then go after it hard when equipped.

The lender refinancing such a note can also assess the imputed rate to figure the equity gained, much like the rent credited on a lease purchase.

My rule; if you are that forthcoming, you are a terrific risk ... it is the ones that hide the truth that are the problems.If I do meet with a prospect face to face, I pay close attention to how new the automobile is, the jewelry, the toys, i.e. cell phone, and the clothes - are they designer clothes.NOTE: I once read more than 50 percent of people making less than poverty level wages own a smart phone.

Looking for others to help and gain some information.Here are a couple of questions I have.1.)

We live in South Florida, but I know no investors or experts locally.And I'll share this: I'm hoping to gain from this financially myself, if possible.

Welcome to BP; this is an excellent arena to gain any type information you seek.

Byron Broadnax You obviously haven't gained the experience you need to be able to do such a transaction.

Continue reading the forum and gaining knowledge :)

Focus all of your attention on that one strategy.