. ;-) I fail to understand why it is that banks are so slow to act on any reasonable offer, it should be interesting to see what effect the government bailout will have.

I am curious to know everyone's ideas on what they find to be most effective in the text of their mailings.What do you actually write on your letter/postcard that you think motivates the seller to call you.

Lenders have been dragging their feet and we have yet to see the full effect of all the foreclosed and pre-foreclosed homes hit the market.

Effectively, the tenant is being subsidized by the landlord.

You can certainly leave money in the S-corps bank account, but that will have no effect on your taxes.

I am interested in other investor's comments relative to the effect the current financial market crisis will have on real estate investing.

The exclusion on primary residence sale means you'll pay no taxes on the transaction.

While I think you are right, it might be a stretch to think that we will all be waiting in food lines, I don't think things are going to be very peachy for much longer.Most everyone in the 30s probably thought the nation was in the 'information age' also.It's hard to see the effects of this economy right now, over the next year, as the credit crisis takes its full form, you will start of actually see people losing jobs.

Hi Tami - I mildly disagree with Richard's answer that your transaction might not be worthy of an exchange, but be sure to see the info below, too.

It's just not going to be as steep.Unfortunately the effects will now be longer lasting because we just added a burned to tax payers that will only compound the pain and accelerate a weakening dollar and higher inflation.Next Monday could be the bombshell.