(a) A seller of an interest in residential real property who received a promissory note or other evidence of indebtedness for all or a portion of its purchase price secured by a lien on the property may bring an action against any person who has engaged in rent skimming with respect to that property.

That leaves you room to discount the property for a quick sale, absorb some depreciation, and pay the closing costs without having to bring money to the table.KC looks to me like a buyers market.

How else can you bring them deals?

Act as the middle man, by bringing a motivated seller and a motivated buyer together, via a purchase and assignment contract, and make yourself a lot of money, while also keeping your risk very, very low.

I would think that making 20 or 30% of a deal anyone of his Realtors brings in is still 20 or 30% - regardless if the Realtor does 100K in sales a year or 2 million.Am I missing something?

Like Mitch said, I doubt they would bring it up if there was an offer.

Something that interests me but I haven't read any conversation about are the pluses and minuses of buying houses that are great rentals versus houses that may be a little higher priced but will bring in a good profit in a few years.This seems like a very exciting time in real estate to me, prices are all over, forclosures across the board from the best to the worst neighborhoods, and alot of things going on in the banking and credit industries.I just closed on my first deal, a three bdrm 1 1/2 bath in a decent area.

See as a wholesaler here in Charlotte, NC I have always tried to bring properties that buyers can pay cash and do there renovation work.

Thanks for bringing it to our attention.

A 20% fall in prices, and many places have seen much more than that, will mean you bring $16,000 to the table to get rid of it.If a stock falls by 10%, you still sell for $45,000.