I mostly joined this forum because I've been monitoring the BP Blog and I found the information there to be very interesting and potentially beneficial (to me).I've been learning as much as I can about the RE industry because I believe that knowledge is power, not to mention I like to look well informed in front of my clients!

Since it is non refundable your prospective clients are more inclined to purchase. you can also help them and get them in touch with a mortgage broker to make sure they are taking the neccessary steps to purchase down the road.

I'd like to ask all of you out there, what are the best questions you get from clients?

If you don't pay and they have to foreclose, their potential loss is limited.Don't know what conflicts of interest may arrise if your cousin and friends are sending their firm's clients to you.

My question will help an investor client of mine interested in purchasing 18 builder closeout units in a project and would like to lease/option them.He was willing to give 80% of their rent toward the equity, and price the property at current appraised value, with 8% increase per year for the 3 year term.With the mortgage mess, this may help sideline buyers get into a property.Any thoughts on where to find these hard to finance people?

You can awholesale the property to a client of yours that has the money and walk them through until the resale (in this case your happy cause you make more money and the owner is happy cause he gets rid of the property as you said he wants!).

It would be rank MALPRACTICE for an attorney or agent to advise a client otherwise.

I have had a client offer on a fanny property get the offer rejected and 2 weeeks later the price was dropped to under our offer so they don't have a lot of flexability in pricing.

I have a friend in Chicago who might benefit from the groups activities.As someone who invested in and outside the US it might be fun to discuss the foreign opportunities.John Corey

I always tell my clients that you can't insult the bank!