That is an option, I don't know what your best option is though because I don't know the logistics of the deal.Is you seller going to do a fairly immediate closing with the buyer?

Oh yeah and i dont have much credit built up yet im still fairly young but am working on it.

I am fair and keep the properties well-maintained, however I don't give an inch, no matter what the story.

I asked about treated lumber, the fellow said not a good idea, in case someone skins a knee on it, stubs a toe, etc. because of the chemicals used.

However, I can usually determine the ARV fairly accurately using my 5 sources.

Fair market value is probably 150-160K, but I don't know that for sure either.

He/She wants a 12% interest return on the money invested (perhaps you can negotiate that down to 10% which is fair) and splitting the net is great.

I just had a fairly low offer accepted on an reo and my realtor did say he felt getting it off the books by year end was a factor.It certainly can't hurt to try, as long as the number of reo's keeps growing they at least have incentive to bargain.

The building itself is structurally in pretty good shape, its a standard two sided roof structure (i'm not good with the names yet) which a fairly simple layout inside.

I always try to qualify for it (after I eliminated my own position last time hahaha)Actually studies show unemployment benefits have a fairly large GDP multiplier as opposed to tax stimulus...