In theory it is easy but in practice I find it to be A. difficult and B. kind of nerve-racking.First you have to find a buyer that will sign over the house and agree to leave their mortgage on the property.

Mostly you leave more cash in the deal than you would need to in other markets.Many (most?)

I am graduating next year with a major in real estate from Orlando FL. The prices/taxes/insurance are prohibitive to cash flow here, so I am currently researching markets outside of Florida. I am looking for decent c...

I plan on using the resources given here as much as I can, so I doubt I'll be leaving this board anytime soon.Thanks again.

Making a small profit on the deal but having $200K tied up at 0% may not be as good a deal as leaving the money in the bank.

It is very inexpensive to attend and is an excellent opportunity for a newbie to learn a lot (just leave your credit cards at home).Good Luck,Mike

So assuming the property stays at its current value, that leaves another 50k to pick up on the back end of things after the first year.

I'm going to leave it, person has no pics with alot of explanations.Something else will come my way.....the works for me!

As an LLC, are we required to distribute all net profits to members or can we leave a small portion in the kitty for future investments?

Even if we discount that 10% for accuracy ... that leaves $396k.