After doing a ton of reading on this forum, I see you and several others are extremely skilled in this business, so your opinion carries a lot of weight.

They track current vs. previous sales prices and watch the % of price reductions, over what period of time, to look for the desperate sellers.

DavidI am a newbie who creatively financed ---my home (with equity)land (zero interest note)property taxes (yes a reduction)and an office property (with equity) all within three years; thanks to God, and helpful folks, and the advice I got here and elsewhere.

great idea and way to bring it to the forefront -what this site offers is worth it's weight in gold.

Federal Spending must be reduced CONSIDERABLY, and taxes must also be reduced PERMANENTLY, e.g. the Death Tax, Corporate Tax, Capital Gains tax, and a STRONG reduction in income tax across the board, but focusing a larger cut on the 25-33% tax bracket.

We have a realtor that works the area that we live in and he drops off calendars and notepads with a picture of himself, a middle aged, over weight guy with a trumpet in his hands.

I would certainly see if you could get the buyer to make a concession on the repairs, preferably through a reduction in price.

.), borrowers are part of the qualification process (up to 25% weight of the final decision is based upon the borrower's creditworthiness).

This lets you leverage your capital to do more deals.The refi for most investors is to get the lower rate locked in and get some cash back to invest again.If you run out of cash or have "trapped equity" and little cash left then you have to partner with other investors to do deals.I have seen it work sometimes but generally it is a mess unless you can do multiple deals with one partner instead of partnering with one investor for this project and another one for the next.The problem with partners is down the road they get different reasons for selling or exiting the property early.I don't see the refinance bank loaning up to 100% of current value and letting you pull out the 30% and get it back.What many investors do is take on a property with maintenance and vacancy issues using hard money.Fix the problems and then create a higher value for the property.In commercial the weight is given to the income approach.So if you had 50 unit building.Units rent for 500 a month but are 50% occupied.So currently 150,000 gross income yearly.Value roughly at a 10 cap at 750,000 going in.You get for 600,000 and put 150,000 in repairs fixing problems.Total funds needed is 750,000.HML says they will fund 525,000 and you put down 225,000.You work hard and get occupancy up over 6 months to 90%.270,000 gross rents with NOI around 135,000.New value at a 10 cap for refi is 1,350,000.Refi at 75% LTV would be 1,012,500.You get 262,500 back and then your original 225,000 you put down based on the new value.I hope I am making sense.

It seems like a substantial price reduction, but the numbers are large'ish to begin with.Best, - C