no problem....as long as you can pay all mortgages off .....which in this case ....if you have a buyer for 209k......out of that 209 you use 130 to pay off the first......65 to pay off the second......that leaves you 14k to pocket.....and of course minus any closing cost..your responsible for...if you are assigning it to someone....then you can pocket the 14k....now you also have to take into consideration....what the home owner needs too......as in this case he owes a total of 195k......and if he needs 5k to move on.....you have to take a cut on your fee....therefore your new fee will be 9k.....so you get a contract to buy for 200k.....and assign it for 9k ......and you can pocket that.

I strongly urge you to use an LLC or other legal business entity to flip short sales as banks are savvy to the land trust and when seen on the contract, option or PSA, they may simply reject the offer all together, whereas an entity is common practice for investors which provides liability protection advantages, etc.

Assuming your goal is to make money, then you simply need to buy better from now on.

I tried scrubbing with lime-away which seemed to be slowly removing the stains but there are still some that it didn't cut through yet.Any ideas?

I don't know which site you are referring to but we have been looking at purchasing a couple of different REO's and often time the listing agent simply hasn't updated recent price reductions, not all of the sites have been updated.

Direct mail is simply promoting to your audiences through the mail.Depending on your budget, you may want to advertise to one, or all five, of the prospect types mentioned above.

This storm door has taken 3 coats of paint and the $29.00 Plexiglas replacement window that I had cut, its a hair too small causing the rubber molding strips to be too loose.

As far as I can tell, the warranty companies are pretty similar to each other, but I use Best Home Warranty because they are less expensive than AHS and their call-out charge is a bit lower, too.However, the warranty companies don't cut you much of a break for multiple units, so you're paying nearly the same price per unit as you would for a single-family home.

Simply a purchase agreement, thats it.

They cut it up, put in roads and utilities, build houses and sell them.