Then the lien just becomes something that needs to be satisfied for clean title and if it is non contested - no problem.

I have been out of the Real estate arena for about a year and looking to get back into the game.Through my business network, a seller emailed me asking if I know of someone who may be interested in buying 17 remaining lots he has in a subdivision.He provided the average selling price of the lots, location, name of the subdivision, etc.What would be the best approach to handle this?

If you repair the existing ones then they would still remain the landlord's property.

I am following the formula below and am kind of stuck on #2.1.Find distressed properties2.Research and identify those with real potential vs no real potential at this time.3.Mail property owners with specific lettersEssentially, I am not exactly sure what I need to be researching in order to qualify these properties to remain on my Driving for Dollars mailing list and actually receive a letter.

.*3years + $551*12mo*25years = $188,844 total payments Currently $107,500 balance remains.

For example original seller only agrees to remain a guarantor for the first 2 years after assumption or they agree to a reduced percentage of responsibility if a default occurs as the years go on down to zero eventually from the start of the loan assumption.

I don't know Ben's guarantee if he has one but he could offer a guarantee and people could return in 30 days if not satisfied etc.Helping anyone learn to do something is a lot of work and time.

The condo I just purchased is required to be owner occupied for one year to satisfy VA requirements.

According to my calculations, if you're only counting half the rent due as income, you'll need to find a property at about a 15% cap rate to satisfy this criteria.

As for wholesaling in Canada, I remain dubious that it can be a viable business due to the relative size of the market, differences in privacy law, foreclosure/power-of-sale, etc.