You stand to make a nice profit and can roll that cash into something else and capitalize on the market thats hot or up and coming.As Joel said sell at the peak, I wonder how many people would do things differently if they knew than what they know now??

Assume the one party has been removed from the deed and the mortgage by divorce decree, so that the other party has "won" the house in the divorce.

100 years old, I really check the foundation closely, it's been there this long without issues, it may stand another 100, but check closely along with all other issues. $230, 000 would be my start cash wise, some harder nose types here may say less.

The lender is allowed to bid like any other party (and will usually bid to at least the amount that they want to be paid).Originally posted by Kama Ward:...Does the gov. reimburse them for this loan?

They will have to have an "Authorization To Show" allowing them to unlock a door.They will also need an agreement with the party they are showing the property to, an agent can't just take people off the street and say anything about a property without having an agency relationship.What you'll be asking is for an agent to do some leg work for a small flat fee and no hopes of earning a commission of a property they show.

The best part is all of the money I've used for these deals will come from a loan I got through Lending Club.I'm still working on my presentation for getting private investors and I plan to get that started soon.

The other could stand it but I dont think its necessary at this point.

If this is a contract that is being assigned to your new buyer, and you already have your money in escrow, you should then have your buyer send funds into that very same escrow with instructions that your EMD amount, plus your fee be sent to you at closing.You can of course structure it in a way where your buyer pays you directly, but it is recommended to do everything through the third party.

I even solicit landlords to donate $40 each to offset our block party expenses.

But, it would be in my best interest because I know the apartment would rent for $1000 if him and I were to move out and I would rent it to a third party.