Or you just have to be lucky.I prefer to price my houses correctly right from the start (2%-5% below market) and then drop the price in larger chunks or natural break points after that.  

I don't know where I heard this quote but it stuck with me...Besides the laws of nature..Everything is negotiable in life.Which brings me to my question...I have a condo under contract that was a foreclosure and it is being sold as-is. 

I, of course, am extremely biased about how talented he is, but I can say that the majority of his clients keep coming back to him and trust him as they know he is honest, fair and darn good at what he does.Due to our mutual love of homes and real estate, rentals are a natural fit. 

Real Estate investing is not for everyone, and real estate investments are by nature illiquid. 

Thank you for the info.When I post this, it was more related to the ins and outs and how this could affect myself (as a owner of my own property).Also, I would like to have an overview of a deal and what does it entails (your article nailed it very precisely).Also, thank you (@Wayne Brooks) for letting me about the real behavior/nature of an auction.Thank you everybody.

It seems natural to transition into a project of this type.

The PG doesn't strip the limited liability nature of the LLC except as it applies to the lender's remedies if you default on the loan.

In Texas you can set up a Series LLC to offset the cost of incorporation. 

On Zillow I see houses that sit in the market for 1+, 2, or even 3 years and up, and the price reduction can be as much as 30%, with some Zestimate @ 50% of asking price.One agent told me this is the result of the 100%-discretionary nature of 2nd home area.  

It's just human nature.