You are not talking to the right landlords/owners.You want one that is who is motivated.

Get the partnership sorted before making the offer.John Corey

tired of the rat race and rehabbing for investors anyone need a good honest hand shake sort of guy, if you have the cash i have the sweat and know howMy first time in post, sure hope i can do this, my luck ill git BILLED

Maybe there could be some sort of data base or sticky thread with that info.state county transfer tax (% or none)Yes, I agree that new loan docs will need to be prepared and signed.

Dan,You are assuming a lot of things about the seller's motivation and being rather negative in how you present the points.I agree that getting it under contract is important.

Search through the forums and you’ll find all sorts of information.

Asking price 100KRenting 900/mo through 6/2008Highly motivated seller due to pending divorce.

A commercial tenant might pay more of the expenses but it is almost NNN in a mixed use building.Some commercial leases will have the landlord responsible for the maintenance and other sort of things and then the costs are passed on pro-rated to the commercial tenants.2.

Yeah, it's sort of funny because I just spoke with a Realtor that apparently has been involved in investment properties for 20 years now.

I was just so amazed at how much money we saved, but i didnt know if this deal was a one-of-a-kind sort of thing, or if this is just what REO's do?