40% equity from an investor is frothy, but those are some screaming rates for hard money.

Plus, the banks clearly got bloody noses in the court of public opinion due to foreclosing’s and they know it.

Brokers do not do net listings because they rarely work, and in those cases when you do get a decent commission the seller often turns into a troll and screams you conned him out of some money that belongs to him and wants what he considers the excess.

The homes that I deal with are mostly post 2000 build so they are in decent shape only needing cosmetic changes.Being an engineer I am way too analytical and have lost on some screaming deals, but again looking back is always 20/20 :).

The owner owes 174k and pays about 1700 a month for PITI and utilities (including electricity, the association fee and heat fuel) and is selling it for that much OR with 4k down they will provide financing for up to a year after which they expect to be cashed out. as far as the subject to they are not looking to do anything like that. i was informed that if the property isn't sold by march they will short sell it, so my guess is that while they aren't necessarily hurting for the money, they don't want it tied up for an extended amount of time. for me this situation screams for a sandwich lease, as i will be flipping it to an end buyer within the next week, but if anyone has a better idea, i'm open to suggestions.The second property is trickier.

I'm not looking to buy right now, just learn, and this one screams scam to me.Do all good deals look like scams?

The numbers just don't scream any sort of short term profitability.

I stay away from Navajo or Antique whites - they scream 'rental' and look old and dingy to me.  

That website screams scam to me, but I could be wrong.

As I just got home from a 2-mile walk with my dogs and got screamed at by a random meth addict and got to listen to a guy sitting in a tree telling the 'government' exactly what he thinks of them.