I've seen many different answers on here that never really explained it all the way out for a newbie.

Thanks for explaining!

And I think that is the answer to why every Tom and Dick don't buy real estate, and it is because they don't have 200K in cash to buy a 1.4M property.Please, explain again for the uninformed....!

I'm not sure how reliable a preliminary title report from a realtor is but its worth looking into.I'll defenitely check into the county records office and see if I can make heads or tails out of it, if not I figure I can always grease someone's hand their to explain it to me.

Explain that you want everyone on the same lease.

Can you explain why you are using the term perpetual?

I explained to her that she didn't escape the rat race.

If you don't, can someone explain roughly how you go about owner financing if you currently have a mortgage on the property.I ask becuase I have a home being offered at 157,000 and the value in todays market is 289,000.

Should I go have a sit down with my lawyer and explain to him my exit strategies and let him draw up contracts that will work?

The investor ended up bring money to escrow to close the subsequent sale when the title officer explained what had happened.John Corey