I've seen this play out and it's always the same outcome.

@Ariel Echevarria When making offers on listed properties and getting them accepted you're going to play by the Realtors rules..Most likely your states realtor's contract will have a non assignable clause.

It boiled down to looking at it for the long term play, not the holy crap 4.5% fee that goes through your head initially.I guess in this case it really doesn't make sense to pay such a big fee if you can get a 20% down deal.

I plan to do that until I have a large enough nest egg that I am comfortable not setting aside more money.My ideal property is a multi-unit with all separate utilities.

On the other hand, just because someone read about this in some guru course somewhere, and filed one, if their contract was dead and they were playing games, I'd have no issue quashing it, and probably making them sorry they filed it.

. - My fiance is a musician and enjoys playing that genre of music.

IF these were the case, just sad the original owner left I up to either BK, heirs, estates or probate attorneys/processes to deal with.Only point here, other parties are involved - and the described deal by the poster would not play out as described.

I grew up in South Carolina in asmall town called Timmonsville.I am a college professor and the drummer in an 11-piece bandthat plays party dance music from the 60s, 70s, and 80s.My goals are to get back into the real estate game full hog and do it better this time :-).I would like to start with buy-and-flipping and later add buy -and- hold rentals.I am open to other techniques but wanna stick with one before movingto another.

Ideally, I'd like to invest in some lower maintenance projects, possibly with partners who are starting out and could use my expertise.Thanks for the great forum, I look forward to perusing it further.

The places I am looking at are anywhere from 250-450k (ideally looking to spend 280-350k).