As for the liability issues, I am amazed at the information on the this site regarding asset protection and the incredibly creative entity structures suggested.

If you assign the contract, your buyer takes on this risk.I would never accept a deal where there is no requirement for clear title, unless I had already done a title search myself and ensured that any liens were factored into my analysis.

We serve predominantly first-time homebuyers, and for that market segment, the key to a quick sale is ensuring that everything is brand new.That said, it doesn't matter if it's low-end new or high-end new, as long as it's new.

And if its only worth 25k, they might be willing to take that on if they're just trying to get started.Considering you paid cash, you can be pretty creative on the terms since there is no due on sale clause to worry about.And then they can deal with getting it rented and paying the insurance.

If it is an REO, I cannot contact the management company for creative financing right?

If I want to purchase a multi family REO, I cannot contact the management company for creative financing, right?

U need to be creative to find deals and u also need to have the ability to negotiate good deals.

I believe charging a small upfront fee ensures the borrower is serious, covers the real costs in case the borrower decides to go a different direction (loan from friends & family etc.).

Either way ensure you cancel your contract properly if needed.

I'd like to get some creative ideas on how to make this land in NM work for me.