Put them where lots of eyes will see them.

How long have you been involved with real estate and whats your assumption as to what the housing market will be in the future (in general)?

You should also get seriously involved in your local REIA.

Most involve little "fibs" on their balance sheet.

What type of real estate challenges are you planning to get involved in?

So, to do a refi at $90K, pay him off and pay off those cards, you'll need the house to be worth $130K in the eyes of the very pessimistic bank appraiser.

The stuff we buy has typically been on the market and vacant for six months to one year (or more), has been vandalized and in need of major renovations, is an eye sore to say the least, and no regular lender will lend on it because it’s unlivable.

You could talk to the agent and ask him to let you be more involved in the process and help him out, or you can track down the owner, get his permission to work with the bank, and try to do the short sale yourself (the agent will still get his commission from the sale).If either of these options don't work, then all you've got left is the auction or the REO route.

Just look them squarely in the eye and let them know this is how you do business, and it's what it takes for you to help them.

I have my eye on a few :superman: I know of a trailor park in WP that needs a sewer system, but the income potential is good.