I have an investment in Wyoming that is leased by the US Government and provides a positive cash flow of ~$3000 per month.

What you would do is have the buyer sign an "assignment of contract" which will outline that they will taking over the buyer position in the original contract for a certain fee.

After you have worked on the property it may have a FMV of 150,000 so they would give an 80% loan for 120,000 and look at it as having a 30,000 equity position to cover any loss.

Would anyone like to share positives or negatives for this senario.Motels are placed under LLC.

However if the equity is good, the lender will work from a position of strength especially if there is a second mortgage.

Trouble is, currently it seems very hard to find anything that will yield a positive cash flow here in So.

I know some sellers are not in a position to invest that 10% (financially, or because of their time or expertise), but still...I guess my point/question here is - does the above logic seem correct?

I've always found investing in and developing properties to be interesting, so I want to get some experience as it may be a potential career someday (note: I'm not looking for a position as a real estate agent).I've spent a ridiculous amount of time contacting commercial real estate firms that I found on the web, but I have not gotten a positive response from anyone.

My short term goals:get a mortgage and buy at least a 3/2 house to rent w/a positive cash flow.Move into it, and either rent or sell my residence.

Seek opinions from those who are in a position that you would like to be in.