Agent.It took me about 3 weeks, and pretty close to $2,000 but it sold to the FIRST COUPLE that looked at it.

Illinois may or may not have passed legislation on this.Subject tos can be done and depending on your market, they may actually get a little easier to do because conventional financing is drying up and owners are about to realize that they need to supply financing if they are going to get their houses sold.

If you have a property picked out take photos of it, get the tax docs from the courthouse and draw up your income/expense estimates for the first year and show how you will make it work.Place COPIES of all of these papers in a 1/2" three ring binder that you can give to your banker and leave it with him.If you have a good well thought out plan and good credit you should be well on your way to getting pre-approved for your investment property.

I sold the house for $107K in 40 days!

In more detail.If you contract an option on a property you have contracted the right to buy it.You contract the lease with right to sublet.Now you have all of the rights to the property with the exception of the right to the tax benifits.When your tenant excercises their option you exercise your option and do so thru a double close.Real Estate has bundles of rights that can be bought and sold. you can seperate the rights and sell them individually.

Equity is not a realized gain until sold, so cashflow is what most seasoned investors look for.

When a property says it was sold for 100.00 what is really the true story behind that usually?

If the house is sold, the added fret of dealing with the new owners is very traumatic on already bothered homeowners, who may feel that all is lost and must leave the property at all cost.

realtytrac is a waste of money, by the time the post house, its sold

I've sold three houses where they were vacant before they sold, and never thought twice about this.