Its essentially the same as a hard money loan where payments are deferred until the property is sold.

HUGE thanks to BP nation which has been an essential piece in my strategy and knowledge base.A few questions: How do you not go broke with all the inspections?

The rpoblem is that Wells Fargo keeps having my home appraised and the value comes up near what I owe.They finally dropped it 15$K but it won't get anyone to look at it at that price. 2 miles away a new community( that is dead- no new builds) is selling brand new homes with a free lot- essentially selling the houses n@ 40-50K under mine.What can I do to get the bank to acknowledge this?

If they can sell it for $100K they can at least get back $20K of the $40K they were owed.Now, if there's a $10K third on top of this, its essentially worthless.

You have to set up a self-directed IRA which will essentially become a separate entity from yourself when you buy property with it.

These are essentially two completely different homes. 3.From your profile, I can’t see what Sate you are in, but both Aaron and I are in California where ALMOST all of our properties are purchased as REO.

I know a guy that was essentially driven from the rental business because he had a few claims and then couldn't get insurance at an affordable rate.Mike

I was going to start a thread but I figure me asking which is the best way to market is essentially the same thing as this thread.For those who feel internet marketing is the way to go how do you get people to your site?

But if I could acquire a cash-back refi on my current rental property, I could essentially have my tenants pay off that debt as long as the property maintained healthy cash flow.

Essentially, you are completing all the paperwork you would need to exercise your option; you are just doing it up front and saving the hassle of tracking them down later and getting them to sign all the docs required to close.