Having someone else in there that can't finance it until later on puts you in a position to default on your selling contract if you can't keep the financing in tact over the term of your sale.First, you need to stagger your purchase requirements so you aren't required to finance 4 at a time.

After going through the crash as a full-time investor, I'm not sure that I want to be there again unless/until I have a much better base of operations (positive cash-flow properties and PLENTY of cash and/or lines of credit to weather a storm).

Not all land contracts allow early payoff.Your equity position coupled with halfway decent credit, I hope, should be enough to qualify you for a loan.

So far, and without even finishing the course yet, it has been nothing but a positive pursuit.

Having patience goes a long way - feeling like you HAVE to have a specific deal will put you in a bad position at the bargaining table...you should always be willing to walk away.

It took her 6 months to find an entry-level position, sort of in her field.

They would have required the same satisfaction in order to insure the Greenpoint mortgage was in first position.

However, I believe I can generate a positive cash-flow of $300-$400 a month on the duplex which makes it seem a bit safer to me.

I am looking for a single-family home or a duplex with positive cashflow for my first property.

It is now rented and I have a positive cash flow.