Interesting point about closing table payments, Wheatie...Essentially, when you buy the property, you pay the first year's insurance at the closing table (or even ahead of time directly to the insurance company and then provide proof at the closing table) this then starts your term. 1 year later you owe it again, that is where the escrow account comes in.Taxes are due when they are due, however.

Money on the table from the buyer helps to ensure that they stay in the deal to the option date!

I have gone to most of my closing tables and walked away with a check as I bought the property (granted I have a bigger loan, but now have rehab cash).My last deal, currently under way, they are willing to pay rehab (if it appraises right as per above), but I must provide receipts for rehab and they will reimburse me.See the link in this REO forum:http://forums.biggerpockets.com/viewtopic.php?

I have a current REO offer on the table with "and/or assigns" on it, but haven't gotten approval from bank yet.

Is there no way to do a double closing or flip on the table

My attorney has stated that the judge on that date will either let us accept the highest offer we have to date (we have 4 offers on the table now) or he will order a courthouse steps sale.

I do table top closing on subject to's and have no problem selling them through an attorney when its time to sell.

Consider slimmatic's advice - offer to work for nothing for a successful investor - you have to bring something significant to the table to really engage with a mentor.

I've had at least one where they bank ended up dropping the price below the last offer I had on the table.

This is my first home and I'm really just sitting around grinning from ear to ear as it was only a few months ago that I had myself convinced I'd never be able to afford my own home.The whole process almost seemed too easy and to tell ya the truth, I left a ton of money on the table, yet still came in ahead.