Different Procedures...The "As-Is" addendum is not a final approval...An "As-Is" addendum is basically just politely stating to not ask for any repairs or expect the seller and/or lender to pay for any....We generally get this out of the way from the beginning of the transaction so there are no expectations from the buyer that repairs are going to be made and muddle up the transaction weeks down the road...Not sure about Ohio, but in Nevada, we set it up so buyers are still allowed inspections and a due dilligence period (on average 10 days) that starts within 24 Hours of the Lenders approval of the price/terms of the short sale... with generally a 30 day closing after the receipt of the final approval.Different states... different procedures...

The area is transient by nature, and that can make for a good rental market.

Thanks Mike C, you got me thinking a lot more about my network and it is much bigger than I sometimes realize.I am actually really lucky that both of my parents did very well for themselves so naturally our family spends a lot of time with other successful people.

:mrgreen: Maybe I am way off base and a little crazy, but I have just accepted the fact that all of this is human nature.

We will continue to update this page as more information becomes available about new rules, procedures or programs.

May I ask if this procedure is suitable enough for a long term buy and hold business plan?

actually, you can sometimes roll a 401k into a roth....my old company offered a roth 401k. naturally, i rolled that into a roth ira.taz and ralph bring up some excellent points (and bother are correct). you want to look at your individual 401k investment options to determine if contributing is worthwhile.personally (and i am a licensed advisor), i contribute only enough to get maximum matching contributions in my 401k and then max out my roth for the year. i then take the extra money and invest in taxable accounts. my 401k fees are not in line with my investment goals so i take my money elsewhere. it should also be mentioned that you can have a self-directed ira and can virtually invest in anything. as john said though, you will need to find a specific broker that will allow you to invest in real estate. not many do.good luck!

Books to start off with...Any Real Estate books by Wade Cook... they are very fundamental in nature...Creating Wealth by Robert Allen..Also, several friends of mine have some great books...Bronchick on flipping real estate, Mike Butler on Landlording...

She does not want to profit from the sale, she just wants to sell it to get the taxes paid.Is there any special procedure that I need to go through?

I'm sure you know the adage: there are 3 sides to a story the 2 opposing views, and the truth.It's my nature to read a lot of stuff, formulate my own hypotheses, and to test them.