I've been involved with a deal similar to what Richard describes.

Basically, all you need to do is make sure you are disclosing the fact that you are a realtor to all parties involved.

Buying a rental with negative cash flow and betting on runaway inflation in the near future really is not the rental business.Yet another thing completely is the mom and pop investor who only wants to own one or two rentals for their retirement.

That said, please do review our forum rules to learn about the other rules of the site.That said, I'd like to hear more about you and your involvement in real estate.Do share....

More and more states are requiring realtor involvement in short sale transactions (for instance Oregon and soon to be California).

Given the heavy focus on commercial, I'd have to guess it was investors or REITs.Interesting to see the numbers involved, vs the BS thrown around by purported bulk REO sellers.

You don't have to pay all the fees involved with joining the MLS and having E&O insurance, but if you refer a potential client to your brokerage, you can get a small commission.

He said his father said when I had all my stuff together he would bring my plumbing connections and finish up.. heh..When I had all the stuff here at the house..hmm.. so I called the son who I didn't want involved but dad's phone doesn't even offer voice mail..I simply said if his dad had any b@@@s I wouldn't be calling him.. but to relay that unless he gets my plumbing connections and thermostat to the house finds a way to get the stove, Micro and DW the next day I was going to file a fraud report, hire an electrician and plumber and then go to sma;ll claims court to have him pay back what he stole and for the costs of the people I had to hire for the work he didn't do not to mention the distress he caused me and my poor family who wonder why I am about to kick the dog.. who did he think would win.Anyway I know I ...good luck right?

I'm glad that Richard welcomed you already . . . he's a real estate superstar and he's right in your backyard.Let us know if we can help you in any way in particular . . . if not, I hope that you get involved in the conversation.

This is a great time to get involved in real estate.