So they have slightly damaged (not fatal) credit, and say 2-3% they can put down as an option.They still need a roof over their head and they can work towards ownership.

The rate cut will have a psychological effect more than anything else but it will do little to solve any perceived mortgage crisis.

Realtors are extremely valuable to me overall but in a case like this, having the ability to go directly to the homeowner to make an offer will only help your bottom line if Realtor fee's can be saved.That being said, I wanted to offer my method for making an offer.Granted, this is more effective when the property is "distressed" rather than an ordinary house listed for sale.I don't make offers like most do by offering a number and hope they will accept it or counter.

Year: 2006 Scheduled Gross Income: $13,920 Vacancy @ 20%: $2,785 Reimbursement: $0 Income Item: $0 Income Item 2: $0 Effective Gross Income: $11,134 Est.

You may not have noticed yet because maybe you're managing it yourself (earning the property management fee of about $75/month) and doing maintenance yourself and avoiding (so far) big sporadic expenses like paying for a new roof or fixing the damage after an eviction.If you refi to 30 years on the $58K, you could get the payment down to about $385, making it only a little worse than break even.

In the State of Texas, a Land Trust is used by investors mainly to effectively mask the identity of the owner.The common reason for needing to mask the owners identity is when someone takes over the mortgage but the mortgage stays in the name of the seller.

Whats up green, Just wanted to give you the welcome wagon effect, if you don't know what i am talking about you will soon enough!

Then you submit your offer to the bank with an addendum that says something to the effect of "upon approval of inspection of addition by licensed contractor, or county authority".

SIOR is the most exclusive designation (it's invitation only and heavily performance and experience qualified, whereas CCIM is effectively entirely education based).

Negotiating skills are something we all possess, but the onus is on negotiating effectively so that neither you nor your buyer looses.