Its true it can be a head ache but I find always stepping back and learning from bad situations, being open to taking the advice from others and always having an open mind with learning new things only get easier.I am a person that sees a solution or has a goal and I get hyper focus and don't like to waste time.

They were just much more plentiful during the crisis..As an old Chinese proverb goes, the best time to plant a tree was 10 yrs ago - the next best time is today..

I also own a small IT hosting company, which really comes in handy as I don't have many technology issues and am usually a bit ahead of the curve.

I still went ahead with the purchase but I may end up regretting it.

Daren just to further expand on Joel's point that pay down formula typically referred to as the release price will be such that a lender would expect to receive 100% of the net sales price of the unit, The net is a percentage that the lender will allow to cover closing costs such as sales commissions and legal expense.

Account ClosedTo mention or notify someone in a thread use the @ symbol and begin typing their name, a window pops up below, scroll to that person and click on it.I'd also suggest partnerships rather than lending.Sometimes giving advice is like giving an uzi to a known gang member, not saying Zac is a gang member, but I'd rather be confident that any advice was used in a prudent manner, not knowing anything about this lender is an issue while knowing Zac is determined to forge ahead without a greater understanding of how these deals are done.I think that's Adam's concern somewhat, in asking who this investor might be and the relationship.Sounds like they may be some fish more than an astute money manager, I don't know, but if I'm a party to giving advice as to getting into someone's pocket who doesn't have a clue as to RE lending, I'll need to understand the details.Best advice I can give is go to an attorney......I'm getting the sense of urgency is not a good indication, screw-ups happen when you get in a hurry. :)

You're about 20 years ahead of me on making the decision to get into investing.

Although I love horticulture and plants, I may not be able to make a great living at this and started imagining other possibilities that would allow me to enjoy that and create an income stream.

Its got quite a few good tactics, but I just want to be ahead of the game.

Does anyone has a contract  for wholesaling mobile homes or  a formula that can be used to bridge the seller and buyer together for a  profits?