You're more or less establishing an accounts payable for future transaction costs so that you have a current liability to subtract from your net equity.

Our agent requested $1000 credit payable via cashier's check --outside of escrow -- so as to not alter the contract.

Ray Dalio made a great video that is published on YouTube titled "How the Economic Machine Works."

I can only imagine your weekly payables

I think the last version was published in 2008, and although mine is even more out of date, it has helped me develop a foundation for where I should research more deeply, at least with the financing aspect.

And because you're not selling, no tax is payable on that $400K now, though you are accumulating a future capital gains tax debt.There are some investors in Australia who focus on cashflow positive property, but it's very much a niche and not the mainstream.

Because developers couldn't build anything on the Coast due to exorbitant insurance rates, new building codes, lack of infrastructure, etc.I published a document called "The GO Zone White Paper: Investing in the GO Zone can be Hazardous to your Wealth".

The property is in a fairly good condition and the auction price is likely to start well below the Fair Market Value (No minimum bid published but the outstanding loan which is upwards of 200k is nearly 150k less than FMV).

I think it's highly invaluable to have a centralized location for lead generation, lead follow up, marketing campaigns, and publishing single property sites to multiple outlets seamlessly.  

Hi @Mike HurneyMy aim or goal on this thread is to open up eyes to people starting out that there are many ways to make money today in real estate.In the book Shift by Gary Keller of Keller Williams, published I think in 2009 just after the crash, he talked in chapter 10 called creative financing.I'll paraphrase:Real estate agents to do well have to work much harder to get a listing appointment, because credit is now very difficult.