The rough ones that the lenders are hesitant to reduce are the ones that linger on the market.

They do however sometimes ask the Realtor to take a reduced commission.

Weathie: Thanx for the response, you are totally right, this property will never be a winner in terms of cash flow and its keeping all my money tied up, I guess it's just hard to sell it since it's been in the family for over 20 years (you know how it is, emotional ettachment lol) As for the triplex thing everything was done by the book, 3 appartment approved by the city and ive got the right zonage so no problems there.Here's my financial situation : I have a full time job earning me 43 000$/year plus benefits, I've got no debt whatsoever, and I don't have any savings except for the money in this property, a small 3000$ in the bank and my retirement account wich I can't touch.

The realtor can buy property reducing the amount paid by her commission of 3% and the mortgage broker can get qualified.

Mike- interested in a negotiator position earning more, using your loss mit experience?

Long term plans are to use wholesaling to earn an income and also to use that income to purchase rental properties in the future.

I think, though here's where that CPA will earn their pay, you can still deduct the depreciation.

If you earn less sell.

It depends which one will earn more money and is less of a PITA.

On for $249,900K reduced $14,000 since April 07.I'm looking at:Zero down loan at 5.75 ish (not locked in) They will pay about $300-$500/mo towards rehab.Plan A:1-2 year rehab plan...owner occupant situation.