I should have thought of doing that sooner.I was thinking after I posted the link that it made a reference to a business (as opposed to REI), and people here might think it doesn't relate to them.

BUT if I'm good at finding these deals, I'm way better off cashing in that 20K, even if I have to pay taxes and transaction costs, because I know I can get another 66% return with it, maybe even twice in a year, as opposed to 3%.As far as a property that's purchased closer to retail, the returns are more on a bell curve, and the IRR will tell you to sell at a more distant date -- they seem to pretty consistently fall at around the 8-9 year mark.

Instead, we are now getting moved to another State and have the property to sell in order to try and do anything reasonable at the new location.The area here is very depressed, lots of homes on the market and our place is higher than most and of course we have a high mortgages balance/payment.We recently had a couple come through that might be interested if we can swing a deal for them where they purchase a portion of the property (5 acres), with the house/pond on it for say $210,000; and we could do a land contract on the balance of the land, a little over 11 acres with little down and monthly payments.Their overall goal is to put as little down as possible, using his VA benefit, and I'm not sure they have more to invest anyway.The problem is I'll still end up with a lot of unpaid mortgage to carry with no real way to pay it off; although I guess I could re-fi the overall mortgage which of course will be 50 to 70K for a smaller payment as opposed to having payments based on 260K from the original mortgage.We leave here in 2 weeks and are getting a little nervous about all of this.

I would like to set up a system that would have leads coming to me as opposed to having to search for each and every deal.

It might be hard for folks to reach you until you have 10 posts (so they can PM) or until you are a colleague.Consider sending them a colleague request of post 10 or more messages (messages that have some value as opposed to any old text).Check the house rules for how the messaging system works.

At some point we may need to sand or such, but suprisingly a good amount of the old glue sticks to the carpet as opposed to the stair.

_r=1&ex=1361854800&en=a0d3a8e949e5d566&ei=5088&partner=rssnyt&emc=rss&oref=sloginThe article begins as follows:"President Bush sided with banks and mortgage lenders on Tuesday, threatening to veto a bill being offered by Senate Democrats that would give more bargaining power to homeowners who face foreclosure.Opening what is likely to be an intense political battle in the deepening mortgage crisis, the White House said it strongly opposed the bill, which would let bankruptcy court judges modify the terms of a mortgage as part of the restructuring of a debt in a bankruptcy filing..."

All the terms (except for their fee) are usually negotiable.It's also nice to only have to mow one lawn as opposed to 20.

If you bid on the property as an investor (as opposed to an owner occupant), unfortunately, you will lose your EM if you back out of the deal.

If I do set up my own real estate brokerage office as opposed to working with a non-licensed partner, will it be ok to use my existing LLC to buy sell and broker properties, or do you recommend setting up a new separate LLC?