Not sure how that would tie in - or shouldn't tie in.I'll give affinity a call for now - unless - Tim - drop me a note and I'll give you a call if you can help me out.This site ROCKS!

I'll have to look into an appraisal I guess.2- I spoke to a loan officer who said that a refi was possible as soon as the primary lender sold off the note.

NOTE: If it's negative, then it's clearly a bad deal, or the amortization period on your loan is way too short!

I'm thinking about giving him a 5 year note, 30 year ammortize with the balloon so he can get bank financing by then.

One thing to note as well, is that if you have a direct mail campaign that bombs, you should not expect greater response rates from mailing the same card again to the same people just because you've mailed them again.

Is the typical scenario to have a real estate attorney draw up a promissory note and deed of trust?

As much as I dont want to, I think I will need to walk away from this one.There are a few duplexes in the area that might be more profitable.On the 15 year mortgage note...I did my 2 single family homes at 15 years which had a lower rate.

This can be true; but, I've seen the value both rise and diminish, depending on the scale of the proposed project.If you decide to sell, keep in mind that the inquiring agent will undoubtedly expect you to pay the commissions, thus affecting your overall cash to find a larger abode.As an added note: My daughters survived a small house; and, the wife and I are quite comfortable now and don't need to "downsize."

Hey John -- Thanks for the note and for jumping in and being a part of the community.

Maybe a sub-2 with a note to the seller and selling a note for cash to the seller.Any note buyers in NEW?