I give little weight to ANY of the comps on the first deal.

I am going to need a job, and I will have to take what I can get.

im knew although i have been browsing for some time, ill give you a short history of myself before i explain what i would like to do, Im currently 22 and at the age of 21 i had saved approx 15k for my first home, I had read every investing/mortage/real estate book i could find, before i really started looking, threw family i was introduced to a very respected and succesful real estate broker who has several offices, so i thought it was wierd that he was wasting his time with such (small fish) but he helped me find a forclosure,i bought a 1800sqft house 3 bed 3 bath etc for 112k, it was the ugliest house in a super nice neighborhood.

For future reference, being "told" something carries no weight with a judge.

I found a nice cheap place relative to comps in the area, but it needs a lot of work (maybe $50,000).

I want to rent a nice place!

Always stand your ground when it comes to needs, if you must compromise your position be sure that you do so with your wants.2.Try to identify the sellers/buyers wants and needs- By knowing what the sellers needs are you may be able to keep a deal together by making it a win-win for both of you.3.Know what you are trying to accomplish ahead of time- If price is most important to you then focus you efforts on price.

Offer a 4% buyer's commision on a nice house and watch the feeding frenzy begin as every represented buyer within 50 miles shows up to see the house.

The most profitable areas don't always meet those "nice areas" criteria.

Web.When you doing a Short Sale there typically 2 parts to the SS, which allows you to make a nice Spread.