My only way to enter Real Estate under the financial pressure and stress I was in was to act as a NoteFinder in the Seller Financed Real Estate Note Industry.

If there is a problem with a main component of the property (such as electrical, air conditioner, roofing, etc.), we will acquire a price for repairs from a licensed contractor in that particular field.

Its like creating money out of thin air.

The 'big dogs' in REO are either:1. already working with their fab 2-3or2. straight laced and will not hand deals out under the tableeither way they are certainly:3. under more pressure and scrutiny from other agents and the board now that volume is down and more investors are clamoring for deals.The bigger agents are always under a microscope. 2 of the top 3 agents in town will not just hand out deals like they might have in '08, because of the above.

Sorry I arrived so late to the party, but there's some hot air in this thread that I need to let out.Originally posted by Eric Michaels:"Simultaneous Closings"- A one transaction A-B-C closing where the C funds pay off the A buyer.

I'm used to gurus charging $$$ for their short sale courses so this is a breath of fresh air.

Property Characteristics: Gross Area: 3,381 Parking Type: Construction: WOOD Living Area: 2,949 Garage Area: Heat Type: FURNACE Tot Adj Area: Garage Capacity: Exterior wall: FRAME Above Grade: 2,949 Parking Spaces: Porch Type: OPEN SLAB Total Rooms: 14 Basement Area: 432 Patio Type: Bedrooms: 8 Finish Bsmnt Area: Pool: Bath(F/H): 5 / Basement Type: UNFINISHED Air Cond: Year Built / Eff: 1902 / 1924 Roof Type: Style: RANCH Fireplace: / Foundation: CONCRETE Quality: AVERAGE # of Stories: 1.00 Roof Material: COMPOSITION SHINGLE Condition: AVERAGE Other Improvements: Site Information: Zoning: BE Acres: 0.28 County Use: MULTI-UNITS(4-8) (1230) Flood Zone: X Lot Area: 12,068 State Use: Flood Panel: 0801031189F Lot Width/Depth: x Site Influence: Flood Panel Date: 12/19/2006 Res/Comm Units: 5 / Sewer Type: PUBLIC SERVICE Land Use: MULTI FAMILY 10 UNITS LESS Water Type: PUBLIC Tax Information: Total Value: $196,500 Assessed Year: 2010 Property Tax: $1,196.91 Land Value: $47,000 Improved %: 76% Tax Area: 2218 Improvement Value: $149,500 Tax Year: 2009 Tax Exemption: Total Taxable Value: Depending on what strategy I use to acquire the property will decide my exit strategy as far as financing.

Don't try to hide things because guys with little control over emotions like myself will quickly air your dirty laundry with everyone(borderline slandering).

So, they stopped the bleeding today, but as soon as the deflationary pressures work themselves out, we face the prospects of significant inflation.

We have a home that we are flipping that currently does not have air conditioning.