There's a turnkey provider with 5% down, 2 year balloon payments.

:1) I'm now talking to owners of parcels with development potential.2) I'm now evaluating potential deals and networking in my area to gather the numbers needed to work the math (as taught in the course)3) I will soon start sending out letters of intent to purchase properties and then get them under contract.

I agree with just about everyone above that the price should be either discussed upfront or in the engagement letter before services began.It's different to know how much they saved you because tax preparation typically isn't a service to save you taxes, you'll want to meet with them during the year for this.

My background is a flipper, so my campaigns are usually simple letters/postcards offering cash and a fast close.

I would aim for long amortization and a balloon payment of at least 5 years so you have time to get your finances in place.I don't know if you own a house, but you could use a HELOC to cash out the sellers.

I didn't owe anything, but I had sold my car to someone who racked up several thousand in parking fines and then promptly disappeared so they tried to flip the charges back on me as I was the only one left with money to collect.I called an attorney who sent them a cease and desist letter along with a warning that they would be liable for substantial damages if they ever contacted me again (and we would sue if they did).

After everything was said and done I gave a verbal offer of 150k and followed up with a tactic of Letter of Intent having three offers.

$1775 monthly payments to seller, straight to the principle, with a 48-month balloon.

We financed $200,000 at 12.75% interest-only, with a 1-year balloon.

If that's the case is the best hope a 10/15 year loan with 30 year amortization with balloon payment due?