The ideal situation would be to have all of your buyers lined up and then go out and find deals but I would not let this stop you from going out and finding deals.

Polanyi wrote that a self-regulating market, the kind bequeathed to us since Ronald Reagan, turned human beings and the natural environment into commodities, a situation that ensures the destruction of both society and the natural environment.

Larry, That would be one method, but would depend on the lender.If the property has not yet been purchased, you could buy it using an LLC, get the commercial loan in the name of the LLC and then transfer the ownership of the LLC, but this would also depend on the specific lender.The best option I see in this situation is to use the land trust.If you do not care about the new buyer knowing what your profit is, why not simply assign the contract to him/her for yoiur spread, and forget about the LLC and land trust?

But one thing you should learn from this situation is that there is no realistic way to tell if it is a deal until you do some research.

The situations that you bring up in your posts are really sad.

New to RE Investing and have been keeping up on the latest financial situation(s) regarding Fannie and Freddie.

If your lives turn bad again, you'll end up dragging him into a bad situation with you.If your dad really want's to get involved with real estate, let him do that on his own.I'm not an expert on credit, but I don't see you getting from high 500's to a level where you could get a mortgage in a year.

But remember it’s not always a price and building when buying international (overseas) one also need to check the climate, political stability, economic conditions, health care, letting potential & law n order situation.

Then once it makes its way to the underwriter, I will inform him/her of all backup offers that have been made.Also, I inform all the buyers that their offer is one among others that will be disclosed to the underwriter and he/she will choose to accept it or not.I wouldn't put anyone in a situation where a lawsuit can be filed.

MikeOh has great points: The current situation was not caused by free markets.