You might check AARP web site (since these are largely targeted at seniors) and try calling some of these and ask how they work.I believe the way these work is that it is a loan secured by the property but without payments.

If we did a double closing we could make a ton from this deal but we had decided to start with assignments because they were easier.

Foreclosures and REOs are definitely a good area to target in the current market.

It's more honest, I think it'd be a much easier conversation, and I don't see why a rehabber wouldn't call on it.

There are serious buyers for hunting land and recreational land, if your piece qualifies.Home builders are not so likely to want a property off the grid, so you have to figure out who would want it and target your marketing towards them.Where is it located, what is the surrounding area like, is there access, is the access paved?

Do they make it seem way easier than it is… YES.

Used to be easier to find comps for sales over $300,000, now it is impossible.

First of all, if you see a face, you will remember that face much easier than just a name and secondly if you like it or not, we're all prejudice in certain ways ,ever see those pictures of female lawyers, that look like they're in the wrong proffesion?

It is also easier to gift percentages of LLC interest to children without going over the annual gift tax exclusion, but that is for estate purposes.

Typically, in the higher rent values, you will experience some minor lower costs and a tad of economies of scale, thus, you should be targeting as close to 1.5% as possible and if all goes well, you could even be ok at 1.3% at such a rent level (so long as you manage correctly).While I agree that cash flow may be very difficult in your area as it is mine, there are the exceptions, so either find them, or go outside your area.Here in So CAL, a typical 3+2 1500 sq. ft. home will sell for $300k+ and the rent for that would be around $2000, so you could not even get 1% rule here!