I think it's a good thing to have if you can do it cost effectively.

IF real estate transactions were as simple as buying a gallon of milk at the store, I'm sure my job would have been phased out decades ago.

The effective date is supposed to be December 1, 2008 but you'll probably see that many of those remaining true Fannie lenders will change within the next 30 days.The changes will include:* A limit of 4 financed properties when submitting an investment loan.Fannie also clarified that it does not consider the borrower to have an ownership in a property that is held in the name of a corporation, even if the borrower is the owner of the corporation.

You do not need any cash or little cash in most cases when doing a wholesale transaction, sometimes you will do what they called the double closing.

depending on the workload of everyone involved in the transaction, such as EPA inspections, appraisals and financial documents.

The transaction that puzzles me is the last one (#13).

If you are seeking as a private investor, I can return your investment $1k richer for your kindness, and of course secure said transaction with a standard commission assignment agreement of course fully executed through my broker of record.

For the Short Sale Double ClosingA to B; B to CPros:If you choose the Land Trust, you will have the added advantage of seasoning to allow the end buyer to possibly qualify for FHA financing (The New Sub-Prime).If you choose the Option Contract, you have the flexibility to unravel the transaction without a mess if you are unsuccessful in flipping.More Pros and Cons to follow

I'm looking to start a marketing campaign to bring in motivated sellers for wholesaling.But i only have a budget of about $500, give or take.What do you suggest I spend the $500 on, to get the most cost effective strategy.

But I think the tax effect is relevant to all.