Both the seller and the buyer can't win big.It's also been my opinion that FSBO sellers are a pain in the :badwords: .

I feel your pain!

JonI know site maintenance can be a pain, however several links are dead.Example:IllinoisIroquoisHenryMontgomeryTony

Owner gave me a WD and I started making the payments of $368.41 on the 1st mortgage & $130.88 on the 2nd mortgage.I sold the property for $89,900 on contract for Deed in 60 days $3,500 down & $604.12 @7 1/2% for 30 years My Return: Paid -$998.58 Down payment +$3,500 = $2,501.42 (Half to owner) Payment =$499.29 * Contract Payment =$604.12 * Positive cash flow $104.83 (Half to owner) In my pocket $252.13 up front & $52.42 per month x30 year = $18,869Why Would A Seller Sell To Me - The seller was motivated I found his pain and provide him the best solution I actually increase his credit score I gave him $1,250 cash in pocket I make all his payments I send him a check once a year for $629You still can profit on deals that have no equity by knowing what the average rents are in the area and if they exceed the mortgage payment, you can great a positive cash flow.I did this deal on a property that had a retail value of 497k in California with an appraised value of 562k and the monthly payment was $3,426.31 and she owed 510k and the average rent's in the area pulled $4,750 and it cost me $10, 800 to bring her current and I gave her another $5,000 for the deed. $10,800 to bring current $5,000 for the deed $5,700 for carpet and paint $750 for other costTotal out of pocket $22,250 to take control of a 500k plus property based on appraised valueI did a lease option for 5 years at a lease option purchase price for $549,000 with 25k down and $4,500 a month with 25k towards the purchase and $500 a month credit towards the purchase of the home.

I figured since we're talking about psychology here, talking about role models would be an important aspect of psych.

We evidently did not know what we were doing, and it was painfully clear that our ignorance was costing us dearly.Somehow we stuck through it and managed to scape up enough funds to buy, fix up, and sell our next rehab deal.

I never manage to hit the burnout point, I just hit my psychological threshold for losing.Jon

It's a necessary pain!

I do claim to be an expert in the abandoned house, pre-foreclosure and homeowner psychology market in the State of Texas.

When it comes to the investor psychology...ya gotta be in it to win it!