I just need to find that guy with an extra $100k...

Now I just keep doing good work, giving extra to pay forward and working/listening to these great people is mentorship.

So I used that to knock an extra 30k off the price by assuring him he wouldn't have to go through the eviction process and I would handle it on my own dime and that why he should help me with the pricing.

This extra money helps defer the cost of doing business (ie - Buildium, cell phone, driving to the properties for showings, cell phone, etc.)

But, the main difference is that someone else is doing the work for them, rather than them taking the extra money from the paycheck and putting it into an interest-bearing savings account.

These are all legal tools to help seller sell that has a difficulty with low equity positionsNow if it's not low a equity but it's middle equity like $400,000 house $200,000 equity, most sellers will just pay the cost to sell which are about 10 to 12% of the value of the house when you include everything commissions closing costs sellers concessions and holding costs while it's being soldOver a third of houses out there or free and clear with no mortgages and this presents an opportunity to let the sellers know that if it is free and clear where they can do an installment sale and use their house as a retirement asset with no due on sale risk, own a private mortgage, get a cash flow like an annuity payment, and the cash flow can survive ther death and leave it for their kids or charity

I normally allow extra children but not the other without an addendum. 

Here's the link: http://get.biggerpockets.com/flippingbook/Make sure you check out my blog post (link in signature box) for some extra motivation for your real estate journey.

A necessary read for those of us teetering on the brink of having to make the same tough decision that as you, while having the added difficulty of respectfully disagreeing with your father to go with your heart and chase your passion! 

If you could take your money and make another 30k that year by doing nothing extra but starting construction earlier.