I have a great relationship with mine, so they provide me with some insight as a favor.

I have been learning about a way of investing wherein I can network with real estate agents and have them favor my offer in a short sale transaction. this is similar to the type that Bob Massey is involved in if anyone knows who he is.

You could still wholesale this to another investor if the ARV is very high(although from what I'm reading it might not be)and the repairs aren't going to kill anyone.Other than that the only thing is count your loses,learn from your mistake and move on to a more favorable deal.

I'd say the odds are in your favor that it's not going to be a huge issue and the lender will not call the loan due.

Guess I will forego that method in favor of a cash offer with no contengencies..REO property listed for 42,000Has been on the market for 40+daysPrevious Contract Fell through.Repairs 40,000-50,000ARV--- $120,000Offer---$25,000Non Refundable EMD XXX???

Justin - I 100% understand your formula but it is still a bit foggy since there is no examples of purchase price,20% down payment, repair cost, closing cost etc...My biggest problem still is understand were the points come in do these point ge charged up front as a good favor fee or is it subtracted from the loan amount.for example lets say $100,000 = A.R.V.

I've used them on a few properties and they always turn out to be more of a pain and don't work in my favor.

As the buyer, in a buyers market (or any market for that matter) you are going to want to negotiate terms that are in your favor while still getting the seller what they need.

Have a small gift/favor to pass out. 4.

You'd have a nice rental with very favorable terms.