I dont really identify with a political party by the way.I do believe we differ a bit from Greek or Eurozone countries bc we issue our own currency and have the reserve status.

Seems to me we have a pretty large population, easily identified, of people we know want to own a home, anddd who just suffered damage to their credit so will be unable to get a conventional loan.Any thoughts?

That being said, quality leads require identifying a distress or motivation (hopefully that other investors aren't targeting) and take me a lot of time to create.

Do you guys ever collect cash, I don't like the idea but I will make sure to get a receipt signed and dated. ...You are the one RECEIVING the cash, so you GIVE a receipt to the tenant showing proof of payment; your receipt ledger / register will be the place where you document for your records that you received $XX from tenant YY for month ZZ rent, and the date.Yes, I will collect cash but prefer not to; no need for me to be armed in the areas where my rentals are located.If you have untrustworthy tenants there, you might want to bring along a special pen that is used to identify real vs counterfeit bills.

I do see it in therms of that the transaction has to make sense first from a financial standpoint.Actually, yesterday night I was in my local REI Club meeting and I was talking with a Hard Money Lender, I identified myself as Buy/Holder type of investor and I asked: Do you have any product that might fit the needs of the Buy/Holder?

They have gone out to each market and identified a few agents to be their "buyers agents" and scout for property.

Not possible to do, so IRS says if you take money out of the sale, that money is considered to be from the profits; that's called "boot".To do the split, he must do the identify 3 properties stuff and use ALL of the money to buy from those, and it must be done within the timelines to complete an exchange.

Are there any online tools or resources you look to identifying properties in bread and butter Nationwide markets/neighborhoodsAre there some standard things that cash buyers will want to know about prior to purchasing a property?

Anyone know of any other web based resources that can identify bread and butter markets nationwide.

With the $12,000 of capex identified, and knowing my market fairly well, I decided that an offer of $x was reasonable.Let me know if I forgot anything and I will add it.Respond with your estimations of list price, your offer price, and final sales price and in a few days I will give the answers.