It was an REO and had been on the market for quite some time and recently undergone a large reduction.

So I would propose paying $1 and taking ownerhip, but talking with tax lien lawyer to work a reduction first.

Michael G, a good accountant is worth his weight in gold.

Maybe you just eat the price reduction which reduces capital gains... ??

If they have made and kept millions and millions of profit and then some to me that carries much more weight than wholesaling little deals.This mentor has more than likely seen many different cycles and has been successful over a very long period of time.I talk myself to other brokers who are in their 60's,70's, and 80's in age and have seen many cycles.

They are asking 99,900 and this property has had a couple price reductions, so I am thinking I could get an accepted offer of 80-85K.

Agents Commission, Closing Costs, Sellers Concessions, Price Reductions, Vacant Holding Costs, Clean up to Sell, not to Rent, Repairs to Sell, not to Rent.Then comparing that with Lease to Own, they can rent out for PITI (if rent is less than PITI, then add an option payment monthly.)Hope this list helps your Lease To Own Business!

Of course the wagon slowed to a stop when there was only one man left to pull the wagon and the crowd riding in the back---it could no longer move forward because the weight of the crowd in the wagon was to heavy a burden for a single man to bear.

While the recent Army announcement had media coverage, planned military reduction across ALL divisions has been in the plans for several years and has already been taking place.

It is true, the equity investor can absorb more of a reduction than that of the debt guy but adversely and in proration to the amount invested, the debt guy doesn't need to make as much.