But at least you could get your money back out relatively quickly.Long term, you could always refi that commercial loan back into a conventional loan if you want.

A party of interest in the property that was sold at tax sale may assign his or her right to claim excess proceeds only be a dated, written instrument that explicitly states that the right to claim to claim excess proceeds is being assigned, and only after each party to the proposed assignment has disclosed to each other party all facts relating to the value of the right that is being assigned.

I can relate to the big family...I'm 41 with 4 kids!

If they cannot bear they fact to lose money, I will give them a promissory note at 8% so that if the deal becomes a loser, the loss is only on me and it won't harm the relationship with the friend or relative.

Hi Thomas - I know this post is a bit old, but I have a stack of real estate related books you're welcome to - Free.

Without the buyer there is no distribution of funds...Not sure how that relates to the fact that the seller pays the commission.

Houma is small in relation to New Orleans, we have a net population of around 209,000.

Short-term, I'm trying to find a strategy that will help me acquire multiple properties relatively quickly so they can start working for us asap!

Over the past year I have absorbed myself in everything I could find relating to RE investing, including J.

@Bill Walston is the tax expert for sure.All I do are assignments, and I pay a 13% SE tax because apparently tehre are some people that refuse to buy health care...not sure how that's realated to my business..but...