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 - Third Brush Generators - by Chris Pratt. While I love straightening sheet metal, cleaning, and painting old tractors, I use every excuse to avoid working on the on the electrics. I find the whole process sheer mystery. I have picked up and attempted to read every auto and farm electrics book with no improvement in the situation. They all seem to start with a chapter entitled "Theory of Electricity". After a few paragraphs I usually close the book and go back to banging out dents. A good friend and I were recently discussing our tractor electrical systems when he stated "I figure it all comes back to applying Ohms Law". At this point
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