For example, on promissory notes, I know what the monthly payments are.

This is useful if you are trying to determine the price you would pay for a note.

:c)Note: I can say that!

You've already found your resource for making sure you have a place to go to run all your questions thru - BP.Another thing you could also do is send out some notes to some of the people in Chicago on here and ask them if you could contact them directly to go through your laundry list of stuff and to maybe help you as you progress in your deal.But think about this.

SO if you have cash in hand, 15 yrs could be the right approach.I am assuming your mortgage note says "no pre payment penalty", you can just call and tell them extra check is towards principal.

Dave Van Horn,Love that note about permanent life insurance!

Also, as a side note, if $14k is all you have (or will have once you get your refund), you're not leaving much for repairs/reserves.

You can ask the seller to accept a demand promissory note to close the first transaction and that immediatley thereafter you will obtain funds and pay the note in full.

A lot of others doing flips, wholesaling, notes, everything..

Also on a side note I happen to be a sales executive for a firm that sells resident screening, renters insurance, and rent collections services to property management professionals which had a big part in inspiring me to invest on the side.Looking forward to speaking with everyone and learning more.