I suggest you read through it.There are some other considerations to seller financing, after the closing. 1.

(I use $1) In my state, and I think this is true in all states, you need to put up consideration in order for the contract to be valid and binding.

Thanks Ibrahim, my father was a real inspiration of me getting into real estate and he helped catapult my brother and I to unimaginable heights.

I have read about all of these, but the books were written during the height of the bubble.

@Arthur Abreu why not set it up within a Corp, and have net income taxed considerably lower.

Fire damaged homes can be a great way to pick up a property at a discounted price, however there are items that need consideration.

I suggest you read the thread "The Truth About Wholesaling".You can use $5 as earnest money, but if there is any kinks in your deal, like a seller sobering up, there is no equitable consideration to enforce your contract, I'd say a judge may laugh or just throw it out.Use an earnest money note, $500 to $1,000 maybe more depending on the price of the property.There are risks.

A company that has a product will have longer considerations as to product name and market, but a service oriented company that is based on the knowledge, experience and personality of that individual is not a further financial consideration since they are gone.Good luck :)

It sounds like the only way this could increase your cashflow is if you're refinancing into a lower interest rate and/or paying off a higher interest rate loan.That being said, I would strongly take into consideration how long the loans have been in service.

Again, thank you all for your advice and i will take it into consideration when I make my plans in the future.