I've bought dozens of properties for $1 using Rick Otton's stratergies. I think the book is a good read. I liked it because it talks about transacting real estate without needing a deposit, don't need a bank loan, no stamp duty. It has allowed me to move forward with property, not sure if there are other ways I could have learnt as much and gained…[Read more]

What are you trying to achieve by vendor financing the property? I ask this because their are various stratergies to het the result you are looking for.