triple net refers to commercial leases in a retail strip center, etc which requires the tenants to pay for three of the expenses (usually taxes, insurance, and common areas)From your additional posts, I see this is in fact an apartment so never mind the NNN.

So, anything to tell to this guy in addition to "Where the hell is my damn money!!!"

This is why all lending contracts make a provision to take care of those taxes or the lender will step in and pay the taxes and add it to your loan proceeds amount which is owed.

I am hoping that I will be able to develop a strategy that will hurry additional seed money along.

In addition to what Richard stated, your "option contarct" does not give you equitable interest in teh property and therefore, you legally could not market the property for sale as if you were the owner and for example, have an open house.

I am not saying that is a bad thing as you SHOULD be paid for your services, only to point out your opinionated statement does not come without bias.Alfred,If you are not "too hot" on retirement or tax deferred vehicles, you need to get hot as they are one of the greatest strategies/advantages to planning for retirement.I would NOT suggest you pull the cash out with your 20 month deferred plan as you will not only pay the marginal tax rate on the withdrawl, but you will also get hit with an additional 10% penalty.That said, you will basically end up with only 1/2 of your funds after taxes and penalties.I would strongly urge you to reconsider that course of action and educate yourself more on the subject, both right here on BP and any other sources such as books, news articles, programs, etc.If you are self-employed, I believe the solo 401k and now, the 401(a) plan to be a great choice over the SDI.For those you are not self employed, the SDI is a great feature, much more beneficial than IRA accounts managed by others who ONLY care about how many fees and commissions they can earn from you, regardless of the fact that you make or lose money.There are several legal and moral strategies to use qualified plan funds and benefit yourself outside of the plan all while benefiting the plan at the same time.

Hi everyone,I am very interested in doing some subject-to deals but I don't know that this is really feasible since I am planning on holding onto the properties I get for 30+ years and since it may affect the seller’s ability to get additional financing.My question is if I take a property subject-to can I refi the property at a later date (6 months)?

According to that ad, which of course may not be reliable, the house rents for 850 and is in move-in condition.850 - 365.54 - 149.42 = 335.04/month profit (minus whatever other expenses I may be missing here.)If you go back and change that mortgage to a 30yr, at 7%, your monthly payment drops to 254.48, so your profit rises to 446.10/month (again, minus whatever additional expenses I am missing).Not a ton of cash but not a ton of work either, and presumably the value of the property increases with time and you build up equity in it without ever paying the mortgage yourself.So why is this such a deal and why hasn't someone grabbed it already?

additionally, i've seen its common to start off wholesaling.

Or if there is a market, fix and flip the 4-unit to a possible owner-occupant, or investor.This will put additional cash in your pocket and help you gain experience.