We could also buy a condo in Laughlin for less than $250,000 and might realize a positive cash flow.

I am attempting to do a short sale on a property that has negative equity.The question is... should I negotiate with the lenders to get an idea of what, or if, they would short their position BEFORE I sign any agreement withe the current owners OR do I need to sign a P&S with the current owners and make it contingent on a successful short with the lender??

Despite the heartache, are you in a good position in the long run?

I am interseted in preforeclosure as well as preconstruction and other areas of your market that create positive cash flow.

This 'Principal', leading position provides numerousopportunities and profit points8.

What other states are good to invest in four plexes where I could have a decent positive cashflow?

They were all thrilled that even 100% financing could yield positive cash flows here--since I have only invested here with positive cash flows I decided to see how investors investing for appreciation thought!

You would give them a first mortgage position in the property to secure their investment and then when you are done with the rehab you could refi the property and pay back the investor plus 10% (as an example).

Doing a lease purchase increases my liability because I am obligated to purchase the property at the end of the term but on a lease with the option to buy gives me the rights to purchase the property at the end of the term with the option to walk away.As an investor I want to avoid liability at all costs or at least reduce my amount of liability.If you do the lease option correctly you will earn money right away, a positive monthly cash flow and future income.

It’s been rented out since Oct 05.I learned a lot and feel I could have negotiated lower prices but they are renting for a positive.