Also, to keep those carpets and floors clean, we ask people to take off their shoes or use shoe covers that we provide... just like they do on the "Street of Dreams" luxury home builder events!

I suppose if I was in your shoes I would offer them a partnership where they provide financing similar to a HML.

First, no equity is hard to say they have no equity as it's usually close, the estimate of market may be +/- 3%, appreciation in a year may cover that, saying little equity may fall in this narrow window too.Equity is what investors usually go after, but why do I want a property is the first question in my mind.Cash flow: Stepping into the owner's shoes, with them using the place as a primary residence, will it cash flow as a rental?

it's just an avenue for more discussions (no, you can get more than this, you are being too greedy, what's your spread, etc, etc).this is what i did on the last one - looked at the house, pointed out things that needed to be done, then gave them a number. they asked why so low, i told them that i had over 30k worth of repairs (MAJOR) that needed to be done.so, bottom line - dont talk to much about the final result. tell them the obvious, tell them how much they will SAVE by not going with a realtor, the fact that they dont even have to paint, add trim, etc. tell them things that will BENEFIT THEM, not you. put yourself in their shoes (role play at home with a family member). what do YOU want to hear if you were a homeowner and someone came to your house?

Close to rose bowl.

@Jeff Deville I am in very similar shoes to you at this point.

So what would you do in my shoes??

If I were in your shoes, I will offer $740K.

I've been in your shoes in the past and what seems like the best approach is to accommodate the tenant and keep that rent coming in.

Originally posted by @Rose M.: Bringing this over from the thread I started b/c I didnt realize this one was here: What happens on a sub2, say, 5 years down the road, when the seller is over it, their issue for distress/wanting to sell has cleared up, and they want to buy a house, but cant, because of still having this mortgage in their name?