This has certainly been a valuable learning experience for me.I know I still got decades ahead of me to shine, so this is little bump isn't a big deal in the grand scheme of things.I did exercise my negotiation skills and we agreed on a 25% discounted price.

Assumptions for this exercise:$145,000 purchase price$5000 down payment$140,000 @ 5% interest, 30 year amortization10 year balloonBased on those numbers, the monthly PI would be $752. 

You could do a hard money loan, exercise the option, then list it, but it'd be expensive.  

@gary This is a good exercise.

I have a wholesaling video course and sample contracts that I give free to BP members - click here to get the scoop on that.

I have learned a great deal more since that time and I want to fast forward to the current and get into the lease option deal we put together several months ago.We have rented the property for the last 2 years @ $1,600 per month to 2 different tenants.The mortgage payment is $950 per month ($107k loan for 30 yrs).Each time trying to lease option on my terms but to no avail.As they say, third time is a charm and the prospect came calling.When they asked about the lease option, these are the terms I sent over to them and they were the following:Purchase price: $189,900, $1,500 per month lease payment, $50 per pet per month fee, $50 application fee each applicant, 5% non-refundable option fee, one month security deposit, and 20% of monthly rent going towards down payment credit when option to buy is exercised.We agreed on all the terms above with a purchase price of $182,900, $1,600 rent (2 pets) and 2 year option agreement.There was a buyer’s agent involved so I paid her a portion of the owed commission and the buyer paid the rest (buyers portion will be credited when option exercised).I was not going to pay all of commission up front not knowing if buyer will or will not take option.You can do the rest of the math to figure out what the net profit will be once the option is exercised.

Donald is exercising his free speech (or inciting violence - whichever way you want to look at it) with some of the stuff he says, but as long as he doesn't actually discriminate, then folks would be unable to prove **actual** harm and be unlikely to have a case.However, in some cases, there might be a real possible case for people to use issues such as hate speech, hostile working environment (for his employees) or living environment, etc.It's less a slippery slope and more of a weird reverse ad hominem (arguments against the person becoming an argument against the brand??)

Does this mean that in the market this sample data was taken from that in the month of 12/15 the average home for sale had an asking price of 460k but the average home sold was for 336k (73% of the asking price)?

As an exercise, go pull out your Note and look at the interest rate, then go look at your TILA and look at the APR.

It pertains to sending people to a lender that knows what they're doing and is likely to exercise rational judgment when qualifying potential buyers.