A rental property is analyzed differently. keep in mind that your fee needs to be minimal in respect to your end buyers potential profit, don't eat their profit because you'll never sell the house.

RESPECTFULLY,TRISHA

But if that's the case, then they need to find their own deals....which i can respect...but that really shouldn't be their job.

With respect to "Free and Clear" Properties in Texas, California, Virginia and Hawaii: I am pretty sure.

I know that many of you have done alot to be where you are, and I respect what each of you do, and, likewise, I will respect your input and knowledge.

Originally posted by "nationwidepi":There are many other criteria to consider including the fact that different properties, locations, etc. have different operating expenses.I have seen many deals in which the investment did not hit the 50% rule, but was a good deal and others that met the rule and were poor deals.Hi NationwideJus curious to know how the 50%-rule-deal and not-a-50%-rule-deal are bad and good respectively.

I'd tend to agree with your Realtor that the LOIs aren't going to get much respect.

Ray,I will respectfully say that your comment about rolling over in bed while your friend goes to work may not be as accurate as you think.

Sell to an actual end-buyer and take my assignment fee at time of closing.Side Note: If anyone has any comments about this strategy, please let me know, as I'm open for any/all suggestions.Now, here's my question...As a new, aspiring investor here in the Sacramento area, especially within the suburb where I live, and the surrounding neighborhood, there's been an influx of homes that have been foreclosed on, which the banks have bought back and have sent to their respective RE companies for resell.Would these REO's be worth my time going after, in order to hopefully wholesale and if so, what kind of reaction should I expect on submitting low-ball offers?

At that point your in deeper with costs.Find an agent that does business in that neighborhood and is well respected.