I am going to list the high points below:List price $35,000.00Negotiate down to $29,750.00 (15% reduction)Down payment of 15% = $4,462.50My principal = $25,287.50Interest Rate = 5%Term on loan = 15 yrsNote = $199.97Sale price to lease option holder = $44,625.00 (1.5 x my purchase price)Down payment paid by buyer = $4,462.50 (10% of purchase price)Buyer principal = $40,162.50Interest charged to buyer = 8%Buyer term on loan = 15 yrsTaxes = $50.00 (added directly to buyers monthly payment)Insurance = $50.00 (added directly to buyers monthly payment)Buyers monthly payment = $483.81 (Note + Taxes + Insurance)Buyer covers all maintenance and repairsMy monthly profit $183.84The beauty of this plan to me is that the amount I put down in a down payment is the same amount that the buyer pays me in a down payment which causes me to have ZERO money on the table when they start making monthly payments.  

My property manager is looking for a managing broker for property management to provide their license while my property manager files for her broker license.

The poor butt-hurt person you sent your letter to was not in their right mind about this, they have probably been victim to scams in the past or thought you were a South African prince in need of money.When at the Rip-Off Report website you can file a rebuttal or request a VIP Arbitration (starts about $2000.00) the information is all on the ROR website and in about 30 seconds you can resolve this...

Real Estate Rewind Starting overhttp://www.biggerpockets.com/files/user/brandonatbp/file/real-estate-rewind-a-biggerpockets-community-bookGood Luck Paul 

The order to vacate the sale entered at 3:16PM 3/1 and part of the record at 5:26PM 3/1.We are being told that we have to file an order to get our money back. 

One of the principals is here on BP, but with no profile, no posts, no activity.  

I believe I may have uploaded into the files here a guide for using your HUD to determine what is deductible and what is added to basis.

Married couple filing jointly has taxable ordinary income of $30,300 and long term capital gains of $100,000.

Gross proceeds means any cash received or to be received for the real property by or on behalf of the transferor, including the stated principal amount of a note payable to or for the benefit of the transferor and including a note or mortgage paid off at settlement."

I am currently invested in two 200+ units apartments as a passive investor and I am leaning toward becoming a co-sponsor or a key principal going forward.My $.02Nick