What is her suggestion - to buy a property with negative cash flow and win?

Option agreements can be assigned to an end buyer as long as you include "and / or assigns" next to your name.Just purchased my first Option from an owner last week for $10 & now I'm marketing it like crazy to find a buyer to assign it to before it expires.Thomas Lucier has an excellent book called How To Make Money With Real Estate Options - if you purchase his book he gives you access to the forms he uses.

Bailing means quiting and quitters never win and I want to win so no I'm not going to bail out.

An owners redemption period allows the previous owner to pay off the winning bid and get the property back.

If your property is in Mercer County, my attorney (who I had said I hadn't used as of 2008, but have used several times since) is excellent.

I also use an excel spread sheet (13 pages) based on CSI categories to collect cost data on larger rehabs.

How should you approach that person so theres a win win for both of you?

Naomi Wolf certainly isn't THE most ignorant person on the face of this planet but she is running hard to win that spot.

They have nothing at stake in the property, don't really care about its long term viability or whether it goes into foreclosure...they're very short term thinkers and only want all wins in their corner.Can't recommend it.

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