If your personal circumstances change and you need to sell, you can easily sell the first property for a profit.

Hi all...I am a newbie so sorry if someone feel that this kind of questions has been answered before:I have a REO I am looking at right now...it is in a prime area and under normal circumstances the real price of the house would be around 320,000 dollars.

But, if total returns are 17% and the investor needs 15%, then your cut by default is 2% and you have your equity split (15:2)Keep in mind that if you're providing property management and listing services, that you should list those services on your financial forecasts at market value -- if that's money coming to you, then it's part of your personal return on the investment.You may wish to establish an LLC where you are a GENERAL partner and the investor is a LIMITED partner - you would retain all voting rights except for special circumstances like when to sell, or to dissolve the company.

I buy every house for cash, I don't mess around with double escrows and unless its a particularly huge sub-division or something like that, its all self funded.There are a couple of things I wil NEVER do during a shortsale:1) Charge an up front fee (or any fee)2) Deed the title of the house into my name or another LLC (unless the circumstances deem it, but I would really rather not get into that publicly, and its only in the interest of the client)3) Lease back a home to someone who is losing it (another predatory Habit that lawyers aren't fond of).

If you buy it prepared to make payments, no matter the circumstance, then you are fine.

Failure to correct within the time period, or repeating the same breach after the period, typically is grounds for lease termination, or some other step according to local law, and the tenant may be required to pay costs/damages as well.I would be quite surprised if the landlord were able to convince a judge to deduct the cost of mowing your yard under the circumstances you suggest.

It does not happen too often, but it can happen under the right circumstances.

I want to do this deal and I really think that it can be done with my circumstances.

(a) If you don't accept responsibility, then you have to wait for other people to change in order to change your present circumstances.

Furthermore, their circumstances and motivation for selling will vary from seller to seller and it would be absolutely distrastrous for you not to recognize that by communicating with every seller the same exact way.It would be the equivalent of trying to fit a square peg in a round hole.