Well, my experience is that you usually want to start an offer at about 70% of the asking, specially if it has been on the market for so long !

But the thin deal (you're at 80% of ARV) makes it tough to turn a good profit.If you decide to try to refi, and it does appraise at $125K, you'll be limited to $87,500 assuming a 70% cash out.

However, it is now tough for me to qualify for a conforming loan because I already own 4 homes and Freddie has just changed the rules there.This home is probably worth around $300,000 and I am willing to sell it for between $200,000 and $240,000 depending on the terms.

"If You're Reading This" ...a soldiers last letter home NOTE: Hey tough guys: make sure you are alone in the room FREEDOM ISN'T FREE - Amen brother!

REO wholesale is tough, but it works.

Specially, in China, if you just take a trip to there, and take a look, you will see if you get chance to invest in China, definately you will get very good profit.

Also, if the house is something special, again in certain areas, they go quickly and even now, over asking.

According to Bill Bronchick at one of our recent REIA meetings, a Special Warranty Deed is "in between" a Quit Claim and a General Warranty Deed.

I am a Broker in Tennessee that specializes in income property.

Under the Dynamic Hospitality umbrella also operate Joanies - our cosmeticeutical manufacturing and distribution company and Triston Wade & Company - a creative communications firm specializing in outsourced design and production services for advertising agencies worldwide.In 2009 Corporate Offices will be relocated to Vancouver, Washington and Nashville, Tennessee.