Thank you Dion, these waters are rather untested to date, the insight I provided is from experience, there are many "life events" that can come into play after a note is made, not just can, but do.The best thing to do is to avoid issues popping up in the future.Don't misunderstand, the lender and the borrower ultimately must agree to the terms.

We seem to have similar game plans.

so im new to this site as well as to the investing game. i currently own a property which is rented by my property manger ( my real estate agent). im earning a positive cash flow since it was purchase paid in full no mortgage.

It's all a #s game since it's all about timing to get people that are motivated!

If the seller isn't willing to play by my terms and sell at a price that makes sense for me, the decision is pretty simple - I walk.If they need to know the specifics of how you came up with your offer price, then yeah - feel free to include the PM fees as part of your reasoning.

Fine with me, I played upon their fears and got a better offer out of it.I did not know it could be for such simple items such as this.

Keep letting us know what's happening as you start playing...

I'm 100% new to this game with a starting focus in wholesaling and then moving to rehab/buy and holds.

If the city won't play at least you are still spending what is an acceptable amount to him.

Hello all, one of the things i am wondering as I contemplate how to prepare to get involved in the real estate game is getting a mortgage for an investment property while i already have a hefty home mortgage.