Naturally by instinct I would sell and move to higher profit margin property using the 700K as 20% down payment, as mostly people suggested.It also depends on personality and level of comfort, if you are fine waiting for the profit while selling lots and building on it in 5 years terms, why not.However, it is great for excercise!!

Most certainly, the bank's listing agent will want that EMD in certified funds by some bank-specified deadline (could be found in the bank's counteroffer or addendum - it will be in the contract somewhere).REO listing agents should be accustomed to low-ball offers - it is the nature of the beast let's just say.

How many deals of this nature are are the full time investors completing per month?

i have been debating this due to the sensitive nature of their situation. it seems like you have a solid system set up, i would definitely love to pick your brain more on the topic.

A CPA that has had little or no experience with construction or real estate investing is not likely to provide the best tax advice.You might ask the CPA about the 4 different ways that investors might be taxed for federal purposes depending on the nature of their investing.

What I have a problem with are people who justify taking a grand from someone who can barely scrape up that money, doing so motivated on a bunch of spin and crap from a marketing guru that either makes promises or, because of the nature of their preceived expertise which is often exaggerated and gives them a few ideas that have been around for fourty years in a method that is presented as being new, different or as a secret!

Its frustrating, but its the nature of the best.

As I said above, you can seel an option to sell or buy anything, gas, oil, wheat, soy beans, corn, steel, coal, etc.

This is because the nature of the call was itself highly technical and my people in the U.S. who were calling for support were also technically proficient.

A good friend who I met through my local REIA mentioned this site, so naturally I followed her advice and have joined!