Also, while I am not an agent, I still am given access to the properties because I form a relationship with them and they give me the lock box codes.Picking up and delivering the commission check is really not high on MY list of items I would like to do.

These are his last 3 buildings (he owned 100 units).I can lock in oil at $2 per gallon NOW but I still want to make sure these properties cash flow at $3 per gallon.

At the time they locked the doors I had paid for my appraisal and was working with my loan officer on an extension.

:roll: I had a handyman for repairs I couldn't do, but I did rent collection, evictions, lock outs, all the bookkeeping, etc....But I also had a 2 year old drown in the pool of a rental I was managing.

It's not absolutely necessary if the title company knows whats going on, but I'd do it either way to lock it up.

I would suggest you start there FIRST.There is not much worse than locking and loading a great deal and having nobody to sell it to.The task of building your buyers list can take place on weekends and after hours on the net.

I found partners with cash and other partners with credit - I did all the work and split the profit 50/50 until I had enough to work on my own.A lot of those guys also talk about a sub2 deal - where you find a distressed homeowner who needs to sell and you lock up their home on a sub2 deal and then you do a lease option with a buyer or sell to an investor and you make some cash in the middle.You can search sub2 in this site for lots more info.But yes - it can be done - but as others have said not the easiest way but a way lots of us started out.

Plus, you are the one that is basically locking it up for them to take advantage of the great deal they are about to purchase!

When they lock you with low interest and once your balance go to the point where you cannot pay it at once, they jacked up the interest rate.

Here is how it would work: You have a Bof A short sale and can not get the 30 day removed, you have the A to B contract locked up and you already have an end buyer (B to C contract in place), I see all the docs including the short sale approval letter, the title company info(I can provide if you don't have one) and the end buyers funding approval (if not all cash).