As a short sale investor we promise a fast close, but If you know you will flip the property but don't have a buyer lined up..., how much time after the approval do you try for? How do you ask for that much time when ...

They are looking at these transactions now as taboo.Unfortunately, soo many greedy investors as well as unethical ones, have ruined many of the creative startegies we have used and new laws, rules, regulations, and lending practices are changing.

Just get a good attorney to look over your contracts and pick them apart.I have bought properties on Option, Contracted a buyer......both sign cont that say they will sign all neccessary contracts to complete the transaction with the end buyer.

No one I talked to ever done a transaction yet cuz they dont have the money too.

Yes, like many have said everything is partly speculative but flipping(rehabbing) is not pure speculative, nor 70% or whatever was stated.Speculation:(Encarta dictionary)1. opinion based on incomplete information: a conclusion, theory, or opinion based on incomplete facts or information 2. reasoning based on incomplete information: reasoning based on incomplete facts or informationmere speculation 3. risky transaction: a financial transaction that involves risk, but is potentially profitablea failed speculation on a dot-com 4. making of risky transactions: the practice of engaging in financial transactions that are risky, but potentially profitableThe later two is the better of the four definitions, in this instance rentals and flips have the same amount of speculative nature.

There are about 16 type written pages of civil code that pretty much makes anything short of a traditional transaction too risky.James, Could you expand on this a bit.

However, it must be fully disclosed if the agent is handling both sides of the transaction.

If you are parked you aren't burning gas.Just a thought.The big effect would be on the number of RVs purchased.

However, at this time, this has been put on hold by a law recently signed into effect to try to reduce the impact of foreclosures.Details vary a fair bit from state to state.

But then you get into the whole property management side of things, in addition I'm not sure how effectively valuate the potential costs of bringing a home up to par.I just know there's so much I'm really eager to learn, I just want to make sure I'm looking in the right places and using my time effectively.