@Eric RobertsonI understand your situation and I definitely didn't want to suggest that you rush into something if you are not ready.I think wholesaling is a great business model however my thoughts on the subject are very different from others.

And now that you're here we'd love to see you be an active member of the BP community so be sure to set up Keywords Alerts for your local area such as "White Plains" or "Westchester" if you're looking to find potential opportunities for investing, education in a subject, or other members in your area.

In the other setting, with two separate loans and transactions, you would be subject to normal lock periods like any other loan because that is essentially all it is.

I take a picture and un plug it.I confront them about it and they try to change the subject and tell me the power was just shut off.

If you do this then the debt continues to get paid down and since it is a rental, if there is still a loss when you sell, it is a tax deductible loss.Another option is to sell subject to, that would get you out of paying taxes insurance, and maintenance and, if you can bump the rate a bit on the loan you make you would very likely come out even on a monthly basis.

Looks like there is only @4 years left on the loan.Doing Subject 2 either someone will have to rent it for 700 and then write a check for $1,000 (i.e. take a hit for the duration of the loan).If someone bought for 60k with a loan, and financed 60k at 5% the payment would be $494.

When they all leave the SD would be returned to all parties on the current lease subject to deductions for damages and cleaning.

In additional to all other benefits mentioned above, Solo 401k is a great tax-sheltering vehicle, allowing you to shelter huge amount of money from taxes.When you use financing to acquire real estate in a SD IRA, the portion of the income from the property will be subject to UDFI tax (type of the UBIT of about 35%)!

If I find deals that I can get financed, then I'll either wholesale or do some type of subject-to or lease option.

I would like to feel somewhat educated on the subject before I meet with someone about it.