Sure, you will have a steady supply of listings, but the will ask you to drop your commision up front, and if a buyer comes in lower than expected on a purhcase price, the selling agent is typically the first comm to get cut.

Agents can only act if they are working under a broker, and then of course, the broker will want his/her cut...

as far as investors are concerned.

sitting in your house on the computer or driving by houses isn't going to cut the mustard.keep on pluggin.

Our main concern is rehabbing a house long distance with a contractor.

That could be $0, it could be a few thousand (I'd sell if I had to carry the thing for more than 4 months..)My other concern is that keeping this as a rental forces me to buy the new house with an 80/20.

Ryan is exactly right as far as Texas is concerned.

(2) the owner of the first lien is planning to bid (but not beyond amount of the lien) (3) second lienholder is not planning to attend (but I assume is protected) (4) "tenant" is planning to bid, wants the house (5) I have told the "tenant" that I plan to bid above the amount of the first and second lien (6) "tenant" is trying to cut a side deal with me thinking he can wipe out the second lien holder (I've said he can buy my mortgage - but I won't do any "deal" which could be considered possibly illegal in terms of the second lien holder).

The legal aspect is my biggest concern...Thanks,

This is a program that is available on properties this particular group has in inventory in Philadelphia, Pittsburgh, Atlanta, Baltimore, and Kansas City.My working with them does not cut into your bottom line--just theirs.When you decide you want to speak to the group directly, I'll put you in touch, but, for now, I'll be glad to answer your questions as best I can.About the hard money loan: this is only a 90-day loan, allowing you to take title and refinance.