This is why people pay the almost $1,000 for title insurance is to prevent this very issue and why they are agreeing to pay.Don, are you recommending waiting for what they come up with then base the decision on that?

My friend just got back from the Philippines a week ago and he commented to me how interesting it was that even though the masses there are dirt poor somehow the price of land there is more per acre for each lot then in many places in the US?

Unfortunatly my ex-tenant has made that decision for me...So...

All too often when I've looked at these deals they turn out to be some combination of overpriced, under rehabbed, poorly managed, and rent is overstated.

Probably 90% non-pros lose in long run.You are right that making a lot money in stock is difficult.The exception is to manage other people's money in stocks: you may perform poorly in long run but still make a lot for yourself.The conclusion should be that for most people, real estate is a much better way to achieve financial independence.Daytrading is certainly not passive.Long term investment in stocks was great for several decades prior to year 2000.

., it can be a tough decision.

You're just cash poor right now, which is fine.

That is not entirely my decision.

and as a result poor or non-existant collections Several suggestions as starters -you have lots to do!

I did deals all over New England.I'd be interested to hear if you're walking in with it in-hand or if its being requested when you present and offer and if its being requested then by whom and does it also accompany a deposit.Sorry to jump in on your thread with this but I'd like to know.If its helpful to this convo I don't think we ever made a decision with the client on whether or not to accept an offer or negotiate based on the depth of the buyer's pockets it always had to do with how much the asset was on the books for weighted against the potential for further loss.