It also allows me to pull reports, including what we have brought in so that I can more easily pay the sales taxes.

@Chip ChronisterRemember - purchase $ notes and promissory notes alike don’t always have to be from a sale to consumers.There are many old guys out there who have amassed a good sum of real estate and would much rather have good paper income now.It’s a good opportunity for younger, hustling investors to purchase.

Common here in Santa Cruz County CA.One is for sale by owner $550,00, officially a 1 bed home but actually has a 2 bed apartment upstairs currently renting at $2300/mth and downstairs a1 bed apartment that could rent for about $1600 (currently empty).

I’ve read online and some articles say to short sale but I wanted to see if anyone has any other opinions or can help explain some things.Thanks guys!

What is the sales price on comparables?

Is that same as sale?  

My neighbor recently put his house up for sale. 

@Justin Brown He does have his portion for sale by owner land and garage for 50k which is high for the area.

@Brock Mogensen @Nicholas Mullens  I buy at Sheriff Sale, have been for years, but you will need cash or a Line of Credit as the properties are generally not legally accessible. and often you cannot view the interior.

Purchase price: $230,000 Cash invested: $55,000 Sale price: $230,000 Townhome