Horse-feathers as my grandfather would say.Skimming over the aspects of finding a note, negotiating a price, getting agreements and assignments signed, calling the borrower and introducing yourself is not an education, it's an enlightenment to the process.Now, hopefully everyone knows why I seem so negative when someone that has no finance knowledge, very little real estate knowledge and a lack of business experience posts to say they want to get into the note business and begin next month after some crash course.If someone is a technician in some field or a business operator, perhaps an airline pilot or a computer engineer, there is no way I could step into their shoes in a month or probably a year and do what they do.

One is buy the son's interest in the estate and step into his shoes as beneficiary.

I still wouldn't sell and give up the monthly cashflow if I were in your shoes, but obviously others have different opinions.

But get some golf shoes with spikes on the soles, and you can walk on that wet paint without causing much harm.

If they are in it together and other might be in your shoes you might have a case.

So my question is, if you were in the same shoes would you attempt to sell the house at the end of 2008 to avoid paying capital gains tax or would you keep renting.

I was managing a retail shoe store there at Stoneridge Plaza :oops:But yeah, I'll shoot you an email in a while....

If the shoe fits, and you like it, by all means wear it!

if you were in my shoes and financial situation what would you do to get this deal done.now i know i'm a beginning investor but in order to even get any sort of a hard money loan right you must first have the property in question under some sort of contract first (to show your interest/control in the property and etc)this is what puzzles me when people say to first get a pre-qual or pre-approval letter from say a hard money lender, because from my research almost all of them loan on the deal at hand (well the property) that you already have under contractnow a pre-approval letter from a bank you can literally go shopping for different properties within that budget, but like i said from my research on hard money lenders right you must first have the property in question under contract and then seek to see if they'll loan you the moneyso once again what should i do, well what would you do in this situation?

You would be too if you were in my shoes.