Assuming things work out.Really Michael, you are comparing investing in trust deeds to the roulette wheel?

What is the purpose in searching for cash transactions?

I know a lot of us here think about what it will be like expanding the operations to lots of employees and having to deal with all the management issues that come up...it's nice to hear from someone who's doing it on a large scale (very large scale actually, compared to most in this business).

I feel like trying an aimloan and guaranteedrate.com as well, just to make sure to compare the rates.

i have not found a financial planner. and i did not cash outmyretirement acct. the loan is good enogh for my purposes.

It amazes me everyday that home buyers continue to buy price per sqft, compared to quality.

And even if it takes longer than what we should make doing it, we have an idea in our heads what it SHOULD cost, or what is a FAIR price compared to other options, and thats what we charge.

So, if you plan is to use the cash flow for some other purpose, shortening the loan term will prevent you from doing that plan.

., in a real property trade or business) if:1) more than one-half of the personal services you provided during the year were performed in a real property trade or business in which you materially participated; AND2) the number of hours in which you materially participated in this real property trade or business was more than 750 hours; AND3) you must materially participate in each rental real estate activity unless you filed an election to group all rental real estate activities as one (and materially participate in that activity).A "real property trade or business" means any real property development, redevelopment, construction, reconstruction, acquisition, conversion, or rental operation, management, leasing, or brokerage trade or business.Personal services performed as an employee are not treated as being performed in a real property trade or business unless you are a more than 5% owner of the trade or business.For joint return purposes, the eligibility requirements are considered met if either you or your spouse separately satisfy the requirements.

I have a pretty good idea of what the potential rent should be, and I've got some great reading material to further refine my findings.I've got a few things to do before I actually make an offer on the property, but now I've got to figure out the best way I can purchase the property.The property is listed at just over $15,000 and needs roughly $5-10,000 in repairs, and comparable comps in the area for this kind of house would be roughly $50-55,000.So with purchase price and repairs, I'm looking at a rough estimate of $20-25,000 investment (not including taxes and closing costs or other MISC costs).I'll have roughly $14,000 in cash in approximately three weeks, but I do not want to wait.