I prepare the documents myself and charge $400 doc fee, so that's a tiny bit of extra casho in my pockets.This is TX and when they tightened up on the CFD rules my attorney recommended I just do fee simple sales.This would have been easier if I still lived here but CO is so much nicer than TX.Anyway my guys called me today and want to close tomorrow instead of Thursday so I have to cancel a couple of tee times but I get to go sleep in my own bed instead of on an air mattress.all cash

Instead, you need to be 100% sure that you can handle your workload and prepare with back up plans.

One quick question, is there a predefined contract for this or anything special cautions I need to take with drafting a contract of an intent to purchase for shortsale?

I'd be interested in finding out why people need a specialized piece of software to track their income or expenses?

Mitch,No need for a special account just to send in payments.Just send in a check with the payment coupon, or pay online if the lender has a website for doing so.As long as the lender is getting the payments, on time, they won't care who wrote the check out and from where.HTH,Jim

Well, if they are non-performing you will need to be prepared for the possibility of owning the property.

We have been involved with real estate investing for a number of years.We specialize in structuring simultaneous closing transactions.

You can get up to speed at this thread: http://www.biggerpockets.com/forums/92/topics/25417 The bottom line is that rehabbers must be prepared to substantiate the new higher value with significantly more paperwork.

Hello,I'm Angela Sipp an Investment Consultant specializing in working with investors.

It will help keep you informed and prepared if the need ever arises.