I may be misreading this, but from my experience of human nature and working with teenagers, if you see this young man as a "punk" or "jerk" and treat him like one, he'll fulfill that role.

I have all located and have a contract with them.1996 MAN A sold this property to LLCx With a quit claim deed.1998 LLC X sold to MAN B with general warranty deed.2000 MAN B sold to MAN C with general warranty deed.

Give the man a chance!

You are a brave man as I would have ran when I saw that house. 2.

The deal was that if we bought a house, he would be the CASH man, as he has plenty, and I would do all the research, and repairs and paperwork ect..He was strictly the bank, as I said, he likes the easy street.Anyway, I busted my *** for 8 months tring to find that great deal.

I have read a bunch of info about finding them, finding buyers and then working magic (won't pretend to be even close to competent at it) but it is all pertinent to the US and I want to know if I need to get my CSC (Candian securities course) to be able to middle-man a note sale.Anyone have any advice on the ins and outs of the business in Canada?

Li Ka ShingAsia's Most Wealthiest Man as well as The 10th Wealthiest Man in the world!

lot going on in this post.first, no way will you get a 5.5% on a non occupied investment property.(2) you *may* end up with positive net income on the property without having the mortgage writeoff - this means a visit from the tax man. as an investor, the "write offs" or tax deductions you will receive, if your business entity is structured correctly and your CPA knows what he/she is doing and you keep tabs on it, will far exceed any write offs you will earn anywhere else...look at it this way...IF...you HELOC...taking 100k out of your property...now you've got 100k to invest in an reo or other distressed property - CASH...real estate is about leverage...but with the CASH purchase, it frees you up to do many different things down the road...IF...you "buy right" (below market value > 30%) - combined with the CASH purchase, you'll create a return on your investment that is EXCELLENT.if you took an arbitrary 100k (from anywhere, say it grew on a tree) and you stuck it in a savings account earning 5% (which is a lot for a savings account)...compare that to the 20% return you'll get off the monthly cash flow from a good rental...not to mention depreciation..and future leverage options available to you through this investment...the returns just compound.now this all deserves a qualifier...we don't know the specifics of your current home, your finances, what you owe on it currently, other debts etc.all that must be taken into account.

Like you think to yourself and you know that you're a: plumber, a mechanic, a sales man, a student, a truck driver.

Lots of times people don't fully understand the tax code and they have nightmarish ideas of the tax man as that guy from The Texas Chainsaw Massacre showing up to chop off an arm and a leg to collect as taxes when it's really not such a horrible thing.