For a contract to be legal there must be "consideration" such as cash or an equivalent.

So I'm guessing they're also calculating the up-front consideration and categorizing that as a "down payment"Maybe it's b/c I apparently do my L/O's completely different but I'm not sure I agree with most of they say.

Example- you can not loan money to your accountant or third party administrator.Receiving any consideration for a personal account by a disqualified party who is a fiduciary from any party dealing with the plan in connection with a transaction involving the income or assets of the plan.

Account Closed I'm not Don, but no, the collateral is the first consideration in the classification of loans.

You might also research Home Warranty Providers, in case your buyer requests a WarantyIf all of this sounds overwhelming on your first deal you might consider utilizing a Realtor as it will relieve you of considerable pressure.

Run a cost analysis to make sure you aren't paying more for capital from these investors.Also, investors are not going to want to invest considerable money if it is not liquid.

There are people who are just evil, without any consideration for others, if they are going to rip someone off there is no law that can be made that will stop those people.

Anyone can be with practice.The key to cold calling is to get to the point quickly and be considerate.

A tax consideration also is that as inherited property your basis is current market value rather than the price paid by others or renovations that they might have made.

Yes the market determines the increase but also take into consideration that taxes also go up pretty much every year and that doesnt even include inflation :wink: