( if the price is too high such as 8ok and the home is only worth 100k, chances are that a true cash buyer will not bite and private lenders will not have an interest, If your buyer needs to finance the deal, you will need to get your assignment outside of closing.

The closing costs you quoted are about the minimum (regardless of purchase price) if you are buying and traditionally financing a REO (as per my experience making offers on HUD homes), since the bank won't cover any of closing costs like a private seller would.

As for the question about funding notes at closing, there may be some private folks out there that may still practicipate in this but, no institutions that I am aware of any more.

Why would I broadcast such private info if I knew it could be traced back to my real identity?

There are many tax cases, private letter rulings, Tax memos and other IRS & Treasury documents that can add insight or confusion.A good understanding of the rules can help investors through out the year.

Let's assume he can get either Hard Money or better yet, Private Money loans for 50% of what he paid.

You could find a private investor to partner with you to buy a package of REOs - this would look like HML except you could try to convince them to agree to interest only payments and put a two year stop at which point you refi and pay back the principal.

First, your photo gallery is private, so nobody can see it but you.Second, you're trying to use the link to the page that shows the picture rather than the picture itself.For my first picture above, the page that shows the picture is:http://www.biggerpockets.com/photos/show/685Go to that page, then do a "right mouse button" to bring up the browser's page menu.

I'm looking forward to networking with all of you, and am always looking for new buyers (including wholesale), as well as finding new leads, sources for private money etc.

Currently just seeking deals, learning what I can what the time I have available, raising capital with private money, and trying to think outside the box and not do what everyone else is doing in my area.