I really appreciate the way all of the seasoned investors share their experiances and techniques.

You will not be allowd by most all banks to assign an REo or a short sale for that matter.For your all cash buyer, the only ways to circumvent that is to double close as Jesse mentioned, form an LLC and make the offer in that LLC, then sell the LLC to the cash buyer for your profit margin.If they will be using a HML, it can get more complicated as your offer is now not ALL CASH, it will need to be made with financing.

I"m looking forward to meeting new friends and learning new techniques and getting fresh ideals from you all.

Focus on what you want, and don't allow yourself to get distracted by every new cool sounding technique that comes along.

The answer: Sellers who have created a seller carry back note on their down-leg property (which is a good technique for getting top dollar and a quick close), have several options when moving into their up-leg property: (1) Ask the seller to take an assignment of the note as part of the offer.

Never mind the complication of the fact that here in Canada ALL commercial loans are full recourse loans (that is a whole other can of worms to deal with), but with a bank looking at resumes and experience, I couldn't imagine my application getting through given the fact that I have never actually owned a building.

I am sure it's more complicated than that :)I am a very technically inclined person, If you could please organize your thoughts in bullets or numbers, it will make it easier for me to understand.

They may not be good deals for a typical wholesale but they can be good deals with other techniques.

:) I didn't want to assume that people understood the difference between cost of goods sold and operating expenses; this can be especially complicated in a business such as flipping houses, where certain expenses (like salaries of those who work on both the houses and general business tasks) can be difficult to characterize as one or the other.

Glen Beck, or his writers, are very skilled in propoganda techniques and disinformation.