Thanks again, Ill advise as we progressMatt

I target certain areas and will market heavy in those areas, and I will target certain lists that I think will generate motivate sellers: dispossessory; probates; etc.

Offered $160K, investor advised already received an offer for the full amount of $180K, however, he's open to a higher offer [of course].

Google is your friendhttp://realestate.yahoo.com/info/news/new-law-helps-ease-pain-for-some-facing-foreclosure-or-short-saleAlso, you really need to hook up with a qualified CPA if these measures don't apply, since I'm not licensed, I shouldn't be giving tax advise.

They can better advise you in your specific area and situation.Jon

If he is not on the title, then he does not receive any tax benefits with the losses generated by the rental real estate operation.

I will simpily advise my client to set the purchase price a little lower than normal to show appreciation for a good tenant.

I would advise US investors to be cautious, however.

You can generate a large amount of money wholesaling properties with not much risk…I always pay the little bit of $ to have a full title search completed before I get a buyer signature on paper.If you have a relationship with your title company they will not make you pay for the title search up front.I hope this helps,

Apartments are a purely income play, and are priced based on their ability to generate income.