The seller wants the money the 20% down.You will be very hard pressed to find a lender doing a second to an owner financed note.Especially if you have limited experience in owning apartments and you have no other collateral to back it up.The increased risk will make the second loan almost like hard money rates.What I would care about in this situation is how long have those tenants been there (years)??

These shows on TV are all faked.

Most people go for the two year.Another thing I recently started doing is telling them that if they stay five years, I will buy them a 40 inch flat screen TV.

I got some great quotes (an awesome photo as well), and two other BP members, Charles Perkins and Joshua Marks were able to share some fantastic tips and insight from a Tax and Legal perspective.Repeat home buyers fuel housing recovery - CBS NewsThis CBS News Marketwatch article takes an in-depth look at the recently released Joint BiggerPockets.com / Memphis Invest National Survey of Residential Real Estate InvestorsFinancing Handcuffs Real Estate Investors - The Niche ReportYet another industry publication that explores the data presented in the BiggerPockets.com / Memphis Invest study.Check out the articles above and all the other great recent press we've gotten and please do share these.

In my area, you would be hard pressed to knock on two doors and not meet someone who does not know a Realtor, either a family member, a church or other club member or who has some relationship of some kind.Every buyer is fair game, it's up to you to earn the loyality and keep your investor clients.

By the way @Josh Randall , the reality is that you'd be hard-pressed to find a non-portfolio lender doesn't sell their loans to Fannie or Freddie (or other investors who are seeking loans that comply with conventional guidelines), because that's simply where the market is.

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I also recommend the NOLO Press website and their self help legal book to educate yourself on LLCs, corporations etc.

Well, my office consists of Cubs and Cowboys pictures and action figures, my computer, my tv, and a few signs I wrote to remind me of my goals.

In some cases the trust structure worked well while in other cases there was no will or trust so the process was drawn out and very public with assets being listed in the press (probate process requires this).Good luck.Jon is a star and I am glad he could help you.