I don't like the practice personally, but it does exist.Can't remember if I mentioned this before in this thread, however, if you concentrate on older assets (say 90 or 120 day DOM listings), you can find some extra motivated sellers where bid wars are vacant.

Then it can just be supplemental if investing isn't making what I need right then.Congrats, happy investing, and keep us posted (and motivated)

Usually you'll find motivated sellers and for some reason their property didn't sell, sometimes because the property condition was not on par with the asking price.

Here are my reasons:http://www.biggerpockets.com/renewsblog/2010/02/24/should-you-get-your-real-estate-license-investors/Btw, while it wasn't my primary motivation to begin with, the best reason I now see for having your license is the ability to control your deals, especially if you'll be selling your properties (in other words, less important for those who are buying and holding).But, access to the MLS and extra profits are two other important reasons...

(and hopefully not just schedule E) The seller is not sort of off in his representations he is way off according to what he provided.

Enforcing your late fees usually motivates them to pay on time in the future.Sometimes paychecks don't line up with the first and the tenant will end up consistently being late.

He's a rehabber too and and I'm helping him make offers on REOs as well as scout for motivated owners.

You can't protect a property forever, but an option will put you in the drivers seat and keep you out of many of the birddogging issues of acting as a broker. ith an option you have an interest in the property, of sorts, but you hold the option and that's what you sell for your fee.

Way more than 50%.Hard: Find a seller who's really desperate and willing to sell with some sort of 100% owner financed.

What you have to sort out is who will provide capital to the company and perhaps who will just provide sweat equity/expertise.