Even a savvy private lender is going to want double digits.

For example, I remember seeing the news after the crash and investors crying saying they’d lost everything because all they owned bank shares.

All it might take would be news of some economic indicator in your area (I know it's stonger in your area) or other competition to keep other offers from being made during your marketing period, a bidding war is no guarantee.

US News article talking about future home appreciation and bottom being reached in many markets later this year ...

The good news is that those people give up pretty quickly while complaining that networking is a waste of time.

Interesting...maybe it's "only" $1.1T lost in 2009:http://money.cnn.com/2010/03/17/news/economy/CBO_TARP/index.htm?

For example, if you can find a house that would be able to sell for $1 million after some rehab and you can get it for 800-900K, it seems like it would be easy to charge a nifty 5 digit fee without the investor really noticing.

When the doomsdayers stop allow some good news to surface there will likely be more good news.

The commercial, distressed/short sale transaction I am about to share with you should not have happened in a place so small, really, but the fact that it did, is good news for you living in the more rural areas of the country.

Saying the wrong thing can get you in a lot of trouble.Agent accused of Fair Housing Act violation: http://www.lasvegassun.com/news/2010/mar/12/real-estate-brokerage-agent-accused-fair-housing-a/ :cool: