The fee, since it is a short sale, is probably related to a service for processing the short sale on behalf of the listing agent.If this fee is part of the purchase contract where you agreed to pay for title and closing costs, then you should contact the title company because they are required under RESPA to clearly describe any and all fees charged as part of closing.If you did not already agree to pay for the fee in advance, then call them on it.

We are talking about 4 or 5% of the money brought in as the commission. he would also do all continual client relations.

Hello,Last SDIRA question for a while :lol: I read this on another website;Due to conflicts of interest, neither you nor a close relative can live in the home now, as this would be considered a prohibited transaction with a disqualified person (IRC §4975(c)(1)(a)).

My weekends were miserable and felt bad for my wife and kids that my spirit was down.Through all this, I just had to step back and realize what my priorities in life are.1) Relationship with the Lord2) My health 3) My wife, and two boys.4) Business and money Back in Chicago... my business and making money was my 1st priority.

I used to play the stock market, but with the relative risk and reward to investing in real estate, why continue, right?

Your own business: not related to real estate.2.

The project is rated high in green building certifications and I am also focused on the relational aspects of an "intentional neighborhood".There are many issues to consider for smaller houses.

Generally speaking, the price of an REO is not indicative of it's actual value, and isn't even related to its value until it's sold.

My question is should the assessed value and asking price be a little closer together, or are they numbers that are just set by different interests and have no real relation to one another?

Another option is simply to procure portfolio loans from banks with similar durations and heightened rates (relative to FNMA money) to finance projects that are not taken subject-to.