I've been researching about notes...can you explain how exactly this transaction takes place??

Investors often ask “what happens to my 1031 exchange transaction if I sell my relinquished property and cannot find suitable like-kind replacement property to identify, or I cannot acquire the property that I did identify, with in the prescribed 1031 exchange deadlines?”

It is heavily used to accomplish a number of other significant property transactions, including the sale of businesses (Approximately 90% of small businesses sold are seller-financed.) and the sale of mobile homes located in mobile home parks.

They might be able to hold off the first payment 45-60 days, but my guess is that they make one or two payments (thus reducing the "projected profit") before the transaction is complete.

One technique for a new person in the business is to explain that they are new in the business, working thru college, paying for xyz to help out xyz, and are glad that they are starting out work with nice honest people like........yaddi, yaddi, ya.....After the story next is qualify....who, what, why, how come, how many, when, why not, ect.... this is where you gather all the info on the transaction you catch my drift.Next land Note: during the landing stage is where you begin to propose the offer, this is the same place where you remind them about all the bad stuff wrong with the house.Next is the Close....later got to go to work

But I worry a bit that all the transaction costs (time and money) in finding and buying the house on the front end, and and selling the house on the backend, with accompanying paperwork/legal/etc, would eat up so much margin as to make it difficult to make real money on the rehab itself (i.e. improving a run down property back up to 'market' value).For those doing 1 & 4 (straight flipping or rehabbing and flipping), how do you find properties priced low enough, and sell them high enough, holding down your costs all the while, to make a decent profit?

You pay all of them at year end.I would always recommend consulting a qualified accountant that specializes in real estate investments before doing any major transactions.

Congrats on your first transaction.

sunsmicro- 33 transaction so far and counting....what is yours?

The taxes & insurance are already incorporated into these transactions.