Rentals are considered passive activities for most owners.

Stay active and read through the forums, asking questions as you go.

Stay active on the board, lots to learn and lots to network!

But, for you to suggest how a note is structured in a deal is an illegal activity in every state unless you hold the applicable license(s).Another issue is you showing the property and discussing the note terms to the buyer, now you're can be an agent.The discount on the note, when it's paid is the same at regular income as you MH sale.

@Kyler Rice are you active investor in Port Charlotte?

With a little help from studying J Scott's wonderful site I soon corrected that mistake, sold the house and made a profit......Anyway, I am thrilled to be a member and I look forward to actively participating.

Is this an active practice or a thing of the past?

I do not actively manage the property but I do actively manage my property manager to make sure the tenants are screened thoroughly, property is maintained, tenant needs are met, and tenant obligations are met.

This is likely the best reason for why hard money interest rates on the East Coast are so much higher than interest rates charged on the West Coast.Because this is an active discussion, please share your thoughts on this topic.

Second, stay active on the site and engage the community with your questions.Will Barnard