Many FSBO's are being FSBO'ed in order to save the commission and put more money in their pocket.

I would plan on doing this using this combination:- any extra income from my business- using the money i would have used for my existing house payment (would be free now because I would have already paid it off)- using the income from the tenantwe are cheapskates here :)It would take basically $5100 a month in extra payments to do it, but the $1000 a month saved from no house payment, and say $100 from our tenant in the property would mean we would need to come up with 4k a month extra for a year.

Of course the money must be used for med expenses, but you end up saving money on medical insurance premiums and by self-directing the account, it can grow to a sizable account for not only medical expenses in retirement, but an account which can be passed down to heirs.Any thoughts, experiences, etc.?

Seriously if you save them from foreclosure they will only have a couple of late payments on there credit and it should be no problem getting them into an apartment somewhere.

So here's a tidbit I heard at our REIA last week that will save you some money.

Because on his advice I added a back-out clause which ended up saving me a minimum of $7,000.

A good Real Estate atty can start handling the legals early on and save you a lot of time.

I have some amount of earnings apart from the ones that I save for my necessities.

I hope this true, i think they were doing this to save cost on all the SS they were recieving.

That's what I did and it saved alot of time calling companies who are only interested in working conventionally.