Find homeowners-Your website-Agents-Loan mod companies-Referrals-Door knocking/ door hangers2.Qualify the seller: give them their options; died in lieu, loan mod, foreclosure, loan workout, forebearance agreement, short sale. 3.If a short sale is in their best interest research the mortgage info, property & tax info)4.Determine the property’s value: run comparables ( state’s taxation website, zillow or team up with a Realtor to access the MLS) 5.Present an offer to the homeowner.

But if I were the broker, I would probably get another agent involved and have two of them work out some other deal between them...or as Jason mentioned, consider a dual agency, even though that is not a dual agency.

When a guide refuses a command, it is then up to the handler to determine why and work out what to do about it.So how does this relate to to your topic?

Please make this simple for me because I don't understand the intense real-estate jargon!

on the face of it this property is going to cost you 163,500 plus closing costs and the gross rent exclusive of vacancy costs. your 1450 monthly rent annualized is 17400. which means that your gross return on cash invested is approx 10.6% you then need to deduct maintenance, property management, taxes, insurance. this will reduce your net cash on cash return to well under the gross number. this may be a great house if you were to live in it but the numbers just don't work out well as an investment. there are properties in other markets and perhaps even in your own market that sell for under 40,000 and would rent for 600 a month. this would generate a gross return of approx. 18% . in this case you could possibly end up with a 12-15% net cash on cash return.

People see their friends and family investing and they think its as simple as pulling the trigger and buying any old property and all will work out.

sorry to hear it didn't work out..if you're looking to make a little cash though, i may be interested in the properties...if you pm me the address, i'd be more than happy to compensate you if i buy it...thanks

If it doesn't work out there will always be another one.

Took it from an agent who couldn't work out the second lein payoff.

Reglazing can turn into an enormously labor-intensive job all by itself.