Lots of discussion on the "50% rule" there.

Is it time to create a new forum area to discuss how to profit off of this and other bailout schemes from the government?

Having tenants in place may help with some lenders, but new Fannie Mae guidelines say the property has to appear on two tax returns before they will consider the rental income.You best bet is to find some local lenders and mortgage brokers and have a discussion before you get in too deep.

I got laid off right before the holidays and haven't had any luck finding a job in commercial RE(where I was before) and he is just getting out of school.

Roger, This thread is in a discussion forum, not an advertising forum.

But when the dollar falls in value, and with the yuan pegged to the dollar, it reduces the value of their currency and their savings.This talk of some global currency reminds me of the Amero discussion that came up a while back.

- Discuss

This discussion is not about how I or anyone else works short sales.

Great topic.In my experience I have seen some very inexperienced investors stumble through a deal (to their credit) in spite of their negotiating skills.Their biggest weapon was coming at the discussions from the place of how they could solve the sellers problem(s).Of course... those that developed more advanced negotiating skills not only increase their profits, they also got more deals to the closing table.One of my all time favorite negotiating books, one that I require all of my clients to read, is The Secrets of Power Negotiating by Roger Dawson.

I've learned a lot from the discussions and the deal.