Unmarried, I would want a clear, detailed business partnership agreement in place reviewed by independent attorneys.

Here are a few reasons why:* Clearly, housing is not an impulse buy, but rather something people have to have, so I believe that it is still a vibrant market with hidden opportunities.* I have sales skills.

(It was tobacco smoke, just to be clear.)Thanks in advance for your recommendations.Joffrey

Sure would be nice to have a clear cut answer to that, but there is not.There are too many variables involved, remaing term, credit, seasoning and proven payment history, collateral, loan to value, property condition and the details of the contract including the security assignement and foreclsoure process.Best to get bids, and look in your area for other investors, including those who buy RE, your best deal might well be from a local individual looking for a good investment.

background -- I own my primary residence free and clear.

It certainly makes things clear and easy to understand and a little easier to enforce but it is not a requirement to create a binding contract.

It si really rather unclear how this is accomplished as it is clearly part of the negotiation in setting loan terms, a matter specifically addressed as an underwriting and origination function.

Originally posted by Wendy BK:Even we had an email offer accepted by the seller, he said he is going to reject my offer if I use any other agent.Just to be clear, you didn't have an accepted offer...you had a verbal agreement, which is meaningless in a real estate transaction.

I do get emails from them occasionally, but they're clearly properties that they can't sell with one phone call to their best buyers.

Just wanted to clear that up before someone asked the question "Do you really need PM?"