I finally paid it off because the principle reduction was so small after 6 years it didn't seem viable.

And finally, in some situations nothing simple will work and you may have to bring a suit to quiet title, which can fix some problems but involves a court action.

By that I mean, all the due diligence will be my part and you can do your final check to invest in those deals.

I finally decided it was time to sign up myself, I love the site.

Remember that at the end of 30 years, this property could cost 5 times what it does now, and when the principal balance reaches zero, the place starts to cash flow.I may have the numbers wrong, so plug them into this kind of analysis and see what you think.

Finally, decide how quickly you want to reach your goal.

I actually paid him $2K to take it, but within 2 years of selling that one I was ACTIVELY buying in that subdivision and bought 4 units in 2 years.Rents finally got up to $650 again in '92.However, I no longer buy and hold.

If past experience on other forums/boards is any indication of future actions, I'm probably going to be lurking, asking a few questions here and there, and generally gaining lots of information about the subject before I put it into action.That said, my biggest "fear" right now is analysis paralysis.

He wants to pay our entire mortgage on that house with the following provisions: He takes full responsibility for any unkeep or repairs allieviating the landlord duties for us, then when he is finally ready to buy he wants to pay the amount that is left on the loan so he actually acquires the equity.

He wants to pay our entire mortgage on that house with the following provisions: He takes full responsibility for any unkeep or repairs allieviating the landlord duties for us, then when he is finally ready to buy he wants to pay the amount that is left on the loan so he actually acquires the equity.