Good luck in your ventures and I will be happy to help any way I can along the way.

For pre-foreclosures, keep in mind the owner is in the process of losing their house.

Last I checked I was up to 15 zip codes.Whats nice is, I dont pay monthly charges and that number belongs to me.With the last answering service I used to use if you stop using the service you lose the number assigned to you.

The one HML I tried said they won't lend less than 60k which would eat 50% of our profits.Long story short if I cannot line some kind of financing up before I close I would like to know if there is some way I can pull out of the deal without losing my earnest money?

If you don’t satisfy the loan, they will have the option to foreclose and you will lose the house and probably everything you have into it.

There is a ton of info on the BP forums about owner financing; maybe try a joint venture option too (although I am not real familiar with those).

Most important, don't invest more than what you can afford to lose!

Certainly this isn't the case with every area located next to a base, but you don't want to lose your tenants for any length of time with little hope of replacing them.

.$80 per mo rent creditAssuming they purchase after one year (which we most likely know they wont), using these figures would gross me $10100.00.Difference in rent: $3360Difference in price: $7100Consideration difference: $600Rent credit: -$960------------------------------------------- Gross profit $10100.00Seller gets her asking price, doesnt have to lose MORE on her investment and $80 a month cash flow.

Buyer again makes it perfect, sells it and loses his shirt.