HOA fee, then I just pretend that the property is really only rentable for $600/month.

This extend and pretend business is toxic for the capital markets.

This is the best article on "extend and pretend" that I have seen so far:[url=http://recenter.tamu.edu/pdf/1962.pdf]TAMU Extend and Pretend Article[url]I guess there are some intelligent Aggies out there :wink: What are your thoughts on how the policy will play out and how it will impact the CRE market going forward?

What the seller wants is for the buyer to have skin in the game.If they let the property go it is going to feel painful for them so they will fight through the hard times to keep the property performing.If a seller owners finances and the buyer puts little to nothing down it can be a major mistake for a seller.So I run into 80% pretenders and 20% REAL buyers.There are many things to invest in you just have to know what you are doing.You can get in for less than 20% but you will be eaten up on the interest rate.You have to find a seller in a very weak state to owner finance and agree to hardly putting anything down with a great rate.Banks for a great rate want 25% in my area.

(WDRB Fox 41) -- Police say a Louisville man was leasing out homes he didn't even own -- and his "tenants" were completely in the dark.29-year-old Gary Hammond was arrested Monday afternoon near the intersection of Cannons Ln. and Dayton Ave.Police say that on Feb. 24, Hammond pretended to be the owner of a foreclosed home in the 2600 block of Patio Ct., west of Manslick Rd.

What has always made me successful is that I have never lied or pretended to be someone I was not.

NO Pretenders

The higher tax bracket rate does not apply to all of your taxable ordinary income So, for instance, let's pretend my income was 25K and with deductions and exemptions the AGI comes to 17K.

It's all perception.The value I have is cultivating my network over the years.I have a targeted audience to sell my clients commercial listings.If they want to play "let's discount commission" I simply tell them I don't do that.The value is getting the property out to the players that are not agents in the MLS.That buyer broker/agent that contacts you may or may not have qualified that purchaser properly.I spend a lot of time on my list separating pretenders from the real thing.If you didn't spell out as the seller what you wanted in the beginning and made it crystal clear in writing then in my view you don't have a beef that is valid.Of course the investor agent is going to push his properties harder and do extra to sell them.The payoff is much larger versus another investor expecting the world for a nominal fee.Some may not like me because I won't work for peanuts and my time is valuable.One thing that I won't be mistaken for is misleading someone when taking a listing.Communication is key to any facet of real estate investing yet many fall short and it leads to problems.I find with contractors,attorneys,etc.

That's "pretend" for what the seller wishes it was really doing.Expenses are understated and NOI is over stated.