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Also, typically the seller wants to SELL... not give you a fantastic price and exclusive right to buy it.

The current lender I am talking with stated they are only concerned about the income stream of the properties which is encouraging but I want to make sure I am moving in the right direction and taking full advantage of all opportunities because 30yrs fixed at 5% sounds much better than an ARM after 5yrs.Thank you for any feedback, this community is fantastic!

It's just that one would imagine that after a bankruptcy it's hard for it to get much worse, and the location is so fantastic you'd think there would be a chance for it to be discovered by refugees from the enormous prices elsewhere in the Bay Area.Minh L.

I just realized today that credit partnering is a fantastic thing.

Fantastic thread!

Ann, thats is just fantastic!

A lot of FHA underwriters won't approve my sale for at least 12 months under these conditions, so it would have to be a fantastic deal for me to consider this scenario and take this risk.

Hey Chris,That looks like a fantastic deal!

I've been reading books from David Crook, Robert Kiyosaki, etc and constantly listening to the REI podcast, which I might add, is fantastic.