Often Imitated, Never Duplicated join us at MAREI.First meeting is FREE, just register for you guest pass, let me know that I invited you or Alex.And you can quite often find a group connecting in the bar after from 9 to 11, they have massive burgers, you have to check them out too!.

It is not free money. 

There also is a lot more than just a promissory note and deed/mortgage to be drafted up so you might want to pick up a copy of my book Lend to Live: Earn Hassle-Free Passive Income in Real Estate with Private Money Lending available on BiggerPockets.

The information is good, but you can find all of that on the internet for free.

Hello, I want to know have anyone ever tried the seller financing on the property that is clear and free then refinance with the bank in 2 or more years to give the lump sum?

My impetus is acting with the knowledge I already have.

Maybe I moved in to it for 2 years with my wife and then sold it so 1/2 of the $ 1million was tax free and then did a 1031 with the remaining $3 million to pay zero taxes, if I was smart. 

I will say having that passive income is tempting but it would come at the cost of doing a full blown condo conversion to free up the capital.Anyways, am I thinking about this right? 

First thing first, until you receive official notice from the bankruptcy court, you are free to continue to try and collect the debt you are owed.

As you advance in your real estate career, you may acquire knowledge and make wise selections by beginning with a more cautious transaction and progressively growing your portfolio.