Normally I would recommend getting as high an assignment fee as possible while still leaving money on the table for another investor.I wouldn't think so much about how much to charge as an assignment, but what price could I sell this house for and it still be a good deal for an investor.

This guy was referred by the www.naeba.orgI checked him/his company out on the BBB.org & did not see any negativity.I'm looking at a property (co-op) in Queens New York.Its $159,000 & $855 in maintenance including gas/electric.After meeting with this gentleman (he was very late):nono:, I explained to him that I'm was looking to situate my parents in more safe dwelling as I leave for school.He was somewhat unprepared for our interview stating "research was done on the property but I left it home".

e) Landscaping / snow removal - $900 - 1KYour operating expenses will be close to 60%, leaving little room for debt service (might not even have the required debt coverage for a lender) and no room for any sort of profit.Unless you are planning to live in one side and use the other as a mortgage helper, I would offer somewhere around 125-130K and start walking away.

If you're not upfront and transparent with an owner, then he will leave and tell a friend who will tell a friend and your reputation and business will suffer.This thread was not intended to be a "how to screw over an owner" thread.

Wait until somebody moves out and leaves the place trashed, costing you thousands on dollars in replacing flooring, painting and cleaning.

The down payment on 400-500K will eat up all savings and leave nothing for reserves to cover the unknown once we get in.

They leave everything in the hands of the property management company, and we all know how many bad property management companies there are out there.What type of due diligence has the fund done on each of these 40,000 properties?

If your letters just mentions how you'd like to buy their property in so many words and leave out short sale assistance or any mention of 'short sale' it'll likely not be a problem....

Honestly I would leave out the child issue.

Would you take wall out to make master about 20x11 and drop down to 3bd/3ba or leave as is?