They told me to walk away first, and then if I get sued, I have to file a bankruptcy, but if I leave the house I may not qualify for chapter 7.

(assuming he found the right deals) This scenario is made in the best of conditions with no mistakes BUT, it's leaving his portfolio with a sound 120-135K in equity, FOUR income producing properties with a monthly mortgage under 1000 bucks.

Go by the Numbers and know when to walk...If it seems as though you're cutting it REAL close and hoping some day this and that may happen which should provide a great return...this is Not the market for those kinds of deals IMHO.Ultimately, it's your decision though..just leave emotions out

You need to leave as many exit strategies as you can because we do not know what will come around the corner at us next.

These I strew all over the place when I'm shopping, or persuade store owners to leave in a stack by the register.

Off-plan prices have dropped as much as 20 percent since September, according to developer Al Jabal Holdings. “The speculative buyers were more than 50 percent of the market,†said Eckart Woertz, chief economist at the Dubai- based Gulf Research Center. “They have disappeared.†Istanbul native Sebat said he’s prepared to leave after 12 years in Dubai. “I will be in a very big panic and will want to get out of Dubai if I don’t think things will get better,†he said. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ A lession in why one should only trust what you can PROVEOctober 13, 2008StanChart lowers UAE growth forecast to 2.7% for 2009http://arabianmoney.net/2008/10/13/stanchart-lowers-uae-growth-forecast-to-27-for-2009/The UAE current account surplus is 20 per cent of GDP, an ‘extraordinary situation’ which makes the country a natural winner as a net lender when so many countries will become net borrowers.

Would love to know others experiences and what you will not leave out of your lease now due to an experience that taught you the lesson.Thanks!

thats the problem from what the sellers broker is saying, he says he got approval from the bank to sell it at the 79,900 now the person he talked to is not there and its mostly an automated system and you leave messages. so who ever is in charge now says 79,900 is not enough. so unless they accept my counter of 90,000 including closing im done.

I use the following formula with my properties:After Rehab Value - 30-35% - Rehab costs minus what you would like to make on the deal = your offer.I usually make my number that I want to make in the deal a bit high so that I can leave some money in the deal if needed for the end buyer.Make the deal regardless a win-win.Robin

Every time I leave a man I keep his house Zsa Zsa Gabor Can anyone remember when times were not hard and money was scarce?