Other areas are saturated with foreclosures and flipping would be very difficult.

I've heard the same advice also, but IF the lender was to call the note due, I would be faced with the very difficult situation of having to pay off the properties or attempt to re-finance under much less desirable terms than I currently have.

The only thing I don't like about it is that it's a little difficult to decock after you've fired that first shot (due to the small hammer).

It will be difficult for your end buyer to buy this property if they are using a conventional lender.

These are very difficult to work out in detail because many of them are variable.

So not only is their equity shrinking from the declining market but their loan balance is increasing due to negative amort.

I know he will not give my big Sister 'more time to come up with the money to buy my half out' since she has had 4 long years to do so, and hasn't been able to.That attorney who says to leave cash is right, but it's a difficult thing to do in certain circumstances.

It is EXTREMELY difficult to read your posts.

What I did do is write a seperate agreement and worded it as though she wasn't able to come up with the security deposite, so I allowed her to move in and she agreed to pay me "what she could afford" which was $115 month until the balance was secured..I never gave her a receipt for her security and I ONLY HAVE A COPY OF THIS.

Would one additional property make it increasingly difficult to do so?