This will determine many factors of how you invest.

Why leverage any of the properties and simply not go for f & c ownership given my scenario above?

How would I go about determining an approximate revenue and how would I be able to apply that to find out how to determine their share of the market.

To add insult to injury the above quotes paragraph ends with "unless the United States Department of Housing and Urban Development or a court of competent jurisdiction determines that this exemption is not in compliance with the SAFE Act pursuant to Section 1508 of Title V of The Housing and Economic Recovery Act of 2008, Public Law 110-289;" so HUD can just decide that I am not in compliance and sue me for the 5 notes I have created under South Carolina law.

Or better yet find someone who has any personal experience with the COB Sale, or anyone who may be interested in a joint venture.As I understand it these properties will be sold free of any outstanding liens, for the greater of 20% or $500 down and the balance due approximately 6 weeks later.I have completed some research/due diligence on the properties that are in the neighborhoods that I am most familiar with and there looks to be some nice ones still on the list (owners have until the last week in Sept. to petition the City to remove their property from the list).Things that I have completed in researching the properties have been:•Current owner(s)•Property class•Tax Value•Last sale price & date•Drive-by/visual inspectionIs there anything else that I should consider trying to determine before the sale?

Hello Hung Nguyen:Keep in mind that many lenders will not accept a short sale unless all of the parties involved (buyer, seller and agents) sign an affidavit of "arms length transaction" stating that there is no agreement or understanding, written or implied, between the buyer and the seller that allows the seller to rent or regain ownership of the property in the future.

Like the others have said, you need to find his motivation (problem), determine if there is real motivation, and figure out a solution to his problem.

Just look at it as two separate deals and the status of the agent for each deal and your agreement is what determines what.So I assumed he represented you in the first deal and is due that fee, what is not clear is what he did for you in the second deal, did he locate the buyer or did you locate the buyer.

I have read what the IRS looks at for determining your status but am looking for more insight.

Originally posted by Brian Adamson:Hi Gilbert, I think wherever you go, the weather is going to be an important decision in determining what you do.