The property will be rented to Applicant on a ONE YEAR LEASE basis at a rent of $995.00 per month, if Applicant signs Owner's written One Year Lease and pays Owner the first month's rent ($995.00) on or before MARCH 20, 2011, in which event the holding deposit will be applied to the Security Deposit.Owner and Applicant agree that if Applicant fails to sign the Lease Agreement and pay the first month’s rent ($995.00) on or before MARCH 20, 2011, Owner will retain this holding deposit to compensate Owner for the inconvenience.A PRORATED AMOUNT OF $385.20 FOR MARCH 20-31, 2011 WILL BE DUE APRIL 1, 2011 AND STAND AS APRIL’S RENT.

Originally posted by Mr_Investor:I'd get California under contract and flip it to Mexico for an assignment fee :mrgreen: Nope Mexico has no money either...Now those drug lords in Mexico those guys have serious $ $ $ and muscle to go along withe the $ $ $ :wowo: :wowo: :wowo:

She retains ownership, he makes payments and gets possession.

I had a guy offer to give me a couple of muscle cars for the down payment on a house.

One of the commercial spaces is used by the current owner and I believe they were going to sign a long lease to retain the space.As for the area, I think it is moving up.

My market is roughly 2+ hours away from my house, which is close enough to handle urgent matters and retain a large amount of control.

susan, thanks for the replyive never heard of this possibility before- so bare with me...if i could find this "MONEY MAN" and got a loan on the from him for the repairs and down payment (hopefully a 10% down investor loan)...we'd be talking around $40K...this $40K loan could be interest only at say 10%...also the deal would include 50% appreciation to the "money man"...so basically this money man gets 10% return on his $$ plus 50% of any future appreciationthis "money man" would have no responsibility whatsoever...i would do all proprery management, dealing w/ contractors, screening tenants, dealing w/ tenants etc...i would also retain any and all of the cash flowhow does this sound?...

Are you generally forced to pay the back taxes to retain control of the property?

I wish I could elaborate but my neighbor has been reading my posts and I don't want to give away specific details.I suppose that in anticipation of legal action, our neighbor has already retained a defense attorney.

You are right that some investors would rather use the muscle of money rather than more resourceful strategies.