The pod cast suggested writing to several people becasue not all of them will want to sell, but chances are that someone out there would rather have the money now than waiti to collect it over the next 5 or more years.Once they agree to sell, the lawyers get involved and then you own that mortgage and the debt is now paid to you with interest.I am sure that there is a way to purcahse the loans from banks also, but I am not sure how unless you just call them up and ask.

Real estate investing strategies are so numerous it's hard to "pick" one.the problem with "picking" a real estate investment strategy is they're not like mutual funds. to be a real estate investor, you've got think like a businessman. a businessman or entrepreneur, is a control freak - they want to figure everything out and have the satisfaction of control.real estate investment strategies do not match the modern-day "investor"...people with 401k's who "pick" a portfolio are not investors. heck, the portfolio managers are not entrepreneurs, they're employees of a HUGE company and they manage these gigantic funds with so many different companies, it's no wonder there's no money in mutual funds.real estate investment strategies involve looking at CASH FLOW.

It moves, and it takes investors, real estate professionals, and all others involved to move with the process.

You must be liscensed in order to receive compensation in the below listed services (Services including any real estate activity involving compensation for performing activity from the list below for another person):*Advertise Real Estate Services*Buy*Appraise*Rent or Provide Rental Information or Lists*Sell*Auction*Lease*Exchane*Rental List

The last 4 closings I was involved with the loan package was late and the underwriters slow with lots of last minute changes.

that situation sounds like something you may not want to get involved with.

Many times the contract will include personal property (lawnmowers, TVs, etc.) and I am required to report that personal propety is involved in the sale.

The last "cleaning" I did involved replacing 6 brand new miniblinds that the tenant's cat destroyed and they had to be cut off because of odd sizes; stove was filthy; refrigerator was filthy; new storm off it's hinges, new carpet not clean; fireplace filled with burnt logs, cat hair and dust everywhere; light bulbs had to be replaced etc. etc.

You must have a "Qualified Intermediary" also known as an "Accommodator" involved and assigned into the sale transaction before it closes.

There is however many instances where one could fasten the cabinets to the floor for an added measure of stability.