You can do lots of things if the seller will go along with you, creative contracting. The little I've seen from these guys they think you can talk a seller into tying up their property for your profit. I have bought foreclosed houses and had them sold for a good profit before I could close with the selling mortgage company. One seller had the insane requirement that I could not sell the house for 90 days after I took possession. Why could they care? Because they couldn't sell it? I bought it for $33,000 and had it sold before we closed for $74,000 as is. (that was $80,000 plus a $6,000 discount for buyer making repairs) When I saw the clause in the sellers contract I rented it to the buyer for six months then gave them a deed. But I had to come up with the $33,000 but my bank thought since I had a sales contract for $74,000 they could take that risk. Got to look around to find deals like that. And be willing to take a chance.
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Today's Featured Article - What Oil Should I Use? - by Francis Robinson. I keep seein this question pop up over and over again in discussion groups all over the web. As with many things there are often several right answers and a few wrong ones. Some purist I'm sure will disagree to no end with what I will tell you but most of us out here in the real world don't really care do we ? Some of them only bring their noses down out of the air long enough to look down them anyway. If you are like me you are only doing this old tractor stuff because you enjoy it. You
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