Standard practice, so seller shouldn't object.

Part of these are return of the initial investment (principle) and part are the actual returns (interest, so to speak.)One of them is an agent, and so collects part of the commission on both the purchase and the eventual sale.The plan is to operate this property for five years, then consider alternatives.

That does not include depreciation (non cash) or mortgage (principle and interest).

Whether you’re just getting started down the road towards fulfilling your real estate investing dreams or you’re a little more experienced, a good mentor can get you closer to the realization of your goals by showing you some of the tips, tricks, and other shortcuts that have fueled their success.The problem many fledgling real estate investors face – and some with a little more experience – is self doubt about their ability to put together profitable deals, as well as having numerous questions about when certain techniques would be most appropriate.These doubts and questions can easily be alleviated by knowledge, but a lot of real estate investors have trouble applying principles they may have read about, heard about, or seen in a short webinar.

You may have the fundamental principles down, but if nothing is happening right now it wouldn't hurt to try and get some additional real estate training if you can.

OP is wondering if WaMu would just lower their principle to what they would net from a short sale.

The banks are NOT going to make major principle reductions, nor are they going to adjust people to lower rates.

On the other hand, if the broker's commission will get rolled into the loan principle and using the broker means the difference between getting 90% LTV vs. 70% LTV, then it will be well worth it to me.I am very interested to know how the more experienced investors here acquire their financing.

I found a way, but we would have to sign personal garauntees, which helps with the issues related to having 3 partners in a deal, but doesnt limit our liablity, which is my main objective.

Or Use the 20k cash I have to buy a rental and new house for us to live in and rent this one for a loss for 5 years (but they would be paying a lot of principle for me). or Stay put for 5 years.