In all of the short sale or REO offers I have made they always requested proof of funds.I typically just include a statement from whichever account I have the funds for that particular property.If it's a 100K property then I give them a checking account statement with 160K balance.If it's a 400K property then I give them a stock account with a 700K balance.I don't worry about the amount having to be close to the offer.

The value for a purchase money loan is the purchase price or appraised value, whichever is lower.You could just rent him the house and give him time to get the required money together.

Then focus on whichever strategy (or combination of strategies) gets you to those goals faster.If you're asking what I'd do, I'd focus on a combination of flipping (to generate short term profits) and buy-and-hold (to generate longer-term cash flow).

Whichever method you start finding the most on and opportunities start presenting themselves to you, that's probably your method.Side note, remember that there are numerous behind-the-scenes financial benefits to rental properties that you won't see with the other methods.

Passion is best relegated to your hobbies if its not a lucrative passion.As for the tomatoes, like whichever ones you like, but if you start saying one of the best books ever written said you should eat them green and covered in arsenic and anyone who eats a red-one is a stupid sheep, I'm going to call you on it and beg you to not recommend that book.

I'm sure they pay their or the seller's "top dollar" (which ever is lower) for every deal they close.

Whichever is more cost-efficient?

We don't take lightly to agents who wine about 5% commission, or aren't willing to work for the listing, so ultimately, we have the power to switch agents any time we want to.If you become an REO agent, be prepared to work, and sometimes for a little commission (we pay $2500 or 6%, whichever is greater from $1-$250K, then 5% after that).

First good luck on building your business and congrats for getting out there buying low which ever route you take.

You will have four options to choose from to make a payment and it will go according to whichever payment option you have made (let's us do this on a $300,000 mortgage).1. 15 year payment = $2851.252. 30 year payment = $2103.373. interest only payment = $1775.004. negam payment = $1446.63Well lets see 9 out of 10 times I am guessing the average borrower will make the negam payment because it looks like the best payment plan right.