And I should shut up and get off the soap box, but, the US leads the world in so many ways, and one of them is extracting money from the masses.Is it any wonder when consumers slow spending that the first impact is on business, then on government.

For all nonperforming or troubled assets they will be “flipped†if the value extracted can exceed 110% of the current “all in†investment or if the initial loss from the sale is less then the projected loss from a long term (3-5 year) hold.

From that, you need to extract a cut. $100 is a common goal.

The issue I have is that these gurus seem to target REI newbies in order to extract large sums of cash from their bank accounts.

Had to replace water heater and have water extraction completed.

You might not know the true weight of this tenant.I have watched shows on heavy people before on cable.You might be surprised that to move the tenant out of the building the fire department and emergency personnel might have cut out the side of the building to get them out of the property.There are hospitals and other programs who might take these individuals to help them.So you might want to factor in extraction costs and damage to the building in your offer.

If the buyer had the cash, you probably would have extracted it out of him/her to begin with!

. :)Now if it has extra developable land or is close to a corner for commercial development you could extract a very good return out of it changing it's use or parceling out the extra land to different buyers.On the income aspect alone it's a loser.It sounds like the improvements they have done to the property they are trying to get paid for with an inflated price.I saw another 40 unit the other day.An out of the country buyer bought it and rehabbed it and is trying to sell for 3 million.The property is only 40% occupied and the rents are too high.When I see brokers talk investors into this sort of thing it makes me scream........

See if you can get free legal aid in your state.If you are paying banks generally have to honor the lease.It is typical for banks to stone wall you and then claim you haven't been paying the rent.If you have been sending them certified funds to the address given for the full rent of your contract you should be okay.If the payment is coming back or they are not accepting it after you are sending it then you need to do this.Set up a separate bank account and put nothing in there but the monthly rental payment.Then when they file eviction you can go to court and show the judge the property you were renting was foreclosed on and that you have a valid lease.Show your single account where you have all the rent payments and that the bank returned your funds after trying to make payment or gave you nowhere to send the payment.Write down the contact for the bank,the date and time of each call where you left a message and the number.This will show the bank is trying to stonewall you and you were acting in good faith.The judge will force the bank to honor the lease and not grant eviction.Now this all depends on if you have a lease with a time period attached or if that lease has now become on a month to month basis which changes everything.With cash for keys the first offer isn't the best offer.You have to weigh moving expenses versus putting security deposits down and first months rent.You also have to weigh what they are offering versus how much free rent you could extract by not making the payments for a few months while they get you out.With cash for keys they want "broom swept condition" before you are paid.If you have a lot of junk you might come off cheaper getting the free rent months with eviction and leaving all the trash behind and taking the essentials.I don't know if you are talking to the bank or just a real estate broker who has been assigned the property in pre-list.Now that you have said you want to fight eviction they broker is most likely waiting on a response from the asset manager or the banks legal department as to what to do next.

I'd call the loan in a minute and probably extract a pound of flesh for every 30-day extension of the loan in exchange for forbearance.