At least 3 weeks from now, that will give me time to find a end buyer using your methods.

Definitively a faster method :)Thanks James, yeah I will look for them, think they are on a hard drive backup somewhere.Now I just have to find some decent tenants.

Likewise, I know I may have to make a(/some) sacrifice(s) to achieve my endeavors so I might be able to pursue your method after relocating to my basement.

He also receives higher than average market rents by NOT taking a security deposit, thereby opening up his market to several renters who have the income, but not the savings.Will his methods work in other areas?

Originally posted by Will Barnard:That Realtor (listing agent) would get the seller's side of the commission, I would come in with my agent who would get his/her side (buyers side) - or I offer the list agent to double end and possibly kick back some to me, then I keep the spread between the locked up price and the price I charge my wholesale buyer.of course most listings these days that are anywhere near a deal are short sales or REO properties in which case they are not assignable which means I need to double close or use some other creative circumvention of that dilema such as using a trust or entity.Will is correct and that is the preferred method....

(Tax lien, purchase, inherit, etc)If you businesses method of accounting is:AccrualThe eviction costs go into your basis of that property if you are on an accrual basis for your business.Cash BasisIf you are on a cash basis you will deduct in the year you paid the expense.This is assuming you are regularly in the business of dealing real estate.

You use the cash method of accounting.

It's been a long journey about to become a reality.

I go after probate deals, FSBO, I get a ton of referrals, I grab them from investors that do not know what to to do with the deal they were offered, etc....10 years ago, I used to go after MLS properties, but I have switched to a better method for me.

Hey everyone so I might be closing my first deal as an assignment so since its my first deal I really don't know what form of payment is best for me considering I'm young and don't have any tax deductions.