I did have some of that short sale trouble when I bought my home - mostly from the seller.I was left hanging at the first scheduled closing (which took months to get to) because the seller realized at the last minute he would have a tax liability for the difference between what he borrowed and what he repaid (-$130,000 ouch).

With that said, I have no problem working with most land contracts without converting them to notes and mortgages as long as the borrowers have some REAL equity, decent credit and your terms and documents are structured correctly.

Origination also includes the underwriting of the borrower, setting loan terms and now, certifying the note was originated under a license, mortgage or law.

You will never stop learning as a real estate investor, so I'm really glad to see that you're moving forward beyond education to start building your real estate portfolio!

Ironically and I'm sure some here won't like me saying it but I had to leave this forum to stop that problem and those podcasts are what got me my first deals.

The credit card balances are the most insidious: high interest rates and damaging to your credit score for borrowing.

Of course luck was on his side however, I want this and I won't stop till I get it!

Welcome Carter Catlett Thats interesting, according FNMA's sellers guide "If the mortgage being delivered to Fannie Mae is secured by the borrower’s principal residence,there are no limitations on the number of properties that the borrower can currently be financing"

And don't stop educating yourself.

and No sorry, I don't have an uncle like Warren Buffett to borrow the 30% down, but I wish I did.