I won't focus to much on the agent side of it, but of course I will exercise the duties in future deals of my own and hopefully a few referrals here and there.

Maybe you can considering pooling in funds in this LLC and then purchasing property cash with each ones roles & responsibilities clearly defined.

It does, however, mean that a lot were when refi's and sales were at such a high volume that the lenders were not even looking at the appraisal for the most part.Getting back to the role of the lender -- all lenders are subjecting appraisals to close scrutiny, first applying certain measurements to the basic facts, and then sending it to appraisal review when it does not meet the standards of these new guidelines (and they do not meet them A LOT right now.)It doesn't matter what the realtor feels it is worth or sometimes even what the buyer is willing to pay, unless they have deep pockets to put down a larger down payment to make up the difference they cannot finance -- the lender will have tremendous influence over the value simply because they control the purse strings.

Toured one place with heated pool, billiard room, tanning salon, full-sized indoor basketball gym, exercise room, movie room, and so on and so forth.

If the tenet buyer exercises the option, then we would minus the $8000 and they would buy it from the seller at $92000.

Of course, if the tenant buyer never exercises, the payday isn't there, but maybe you can get a second buyer and try try again?

You have a constitutional right to carry a gun and I suggest exercising it!

Hi
I'm just getting into this and trying to clarify the basic cash flow patterns of the foreclosure and short sale market. Bear with me because I'm a real newbie. Let me start with a hypothetical situation.

Someb...

What if you had done the deal and in a year your tenant-buyer exercised his option?

Now I work a 9-5 in the IT field where I play different roles depending on the projects I'm needed for: programmer/ business analyst / team lead.