Don't go soft on this, if you were clear and it's outlined in the lease then call and figure out what's going on being nice about things but you should impose your late fee if they failed to pay.

We close with cash, you could also use hard money, soft money (transactional funding) from a friend or acquaintance probably be cheaper.

At $100/sf did you include development fees and soft costs?

We had no clue we could keep it soft the whole way, so yes I'd like to hear how this could be done.

Sales are soft, prices are down, sellers are flexible.

A lot of what I'm buying is starting out around $120-150K, dropping over 6-10 months down to about $50-70K, and then I put in an offer at about 60% of current list and negotiate to about 70-80% of current list.So, I'm mostly picking up properties for $35-55K that are listed for $50-70K.Again, I'm around Atlanta, which has seen more foreclosures than most of the country, so I don't expect most other areas to be as soft in terms of picking up REOs...

You have a relatively soft real estate market across many parts of the country, subprime lending sucking wind, a recent 1/2 point Fed rate reduction, a weak Dollar and lots of prediction/discussion for either a recession in the short term, or inflation & higher interest rates in the long.What markets are going to be a good deal for you - will really depend how quick of a turn around are you looking on it.

The account isn't large enough to finance a flip itself, but the funds can be used to obtain a soft-money loan, and I will have 20% in both the purchase price and 20% of the rehab costs.

The gentleman has absolutely nowhere to go so when he asked if we could give him some time to remain in the property to allow for finding a place to stay, having a soft heart, we agreed and gave him until tomorrow.

Of course it usually ends in soft (or not-so-soft) pitch for the expensive mentoring or seminar, but for $90 or so for a weekend, I learn a lot.