It helps the corporations but it screws the common folk....thats just great.Depending on how long this credit crisis last it may over lap with the doomed Social Security system, that is on overload...soon to break.

The reason to be 'very very very nice' to them is that if they reneg on the lease you might probably be more screwed than them.

Not something I like..If you get a offer the first week, make damn sure to work with it if possible..I screwed up by getting a minimum profit stuck in my head ($30,000)..

The emergency money I had I used to pay an attorney and we went as far as mediation but seller and her broker wants to settle for $2,500Haddy,It appears as if you are facing a real challenge. if you truly feel that your were really screwed over, then persist with the law suit.

Tell me when you would like to have the full note paid off, one year, two yeras, etc. and we can put a balloon payment into the contract (make sure you have multiple exit strategies to perform on the balloon payment).This benefits you as nothing on your credit (so long as you perform) and very littole closing costs, no bank qualifying (screw the banks!)

They let her go early on her last day, whats funny is as soon as she got home we went down to the county records and started pulling probate files.now I can't go on vacation for a year, but I have enough on my plate that as long as I don't royally screw things up, I'll never have to get a job working tow trucks again!

yeah, if you act like you will be easy to screw over, someone will do it for sure. even decent people can be tempted when you make it too easy.don't waste 5 seconds of your time working a property if you haven't tied it up yet.

.- The inspection goes as planned- Our agent or contractor can give us some suggestions about dealing with the property's only major visible flaw - the house next door looks like a bomb hit it (complete disrepair, living room furniture and car parts in the backyard, etc)We should be able to purchase the property for $180k-$185k and comps in the area have recently sold for around $260k-$270k, so we are hoping that there is enough profit built in that even if we screw up a few times (which seems inevitable to me), we can still finish in the black.We are both handy to the point of being able to maintain our own personal residences, but in terms of running a rehab project we will be seeking all the contractor help we can get.And don't worry about asking questions, I'm sure most of my answers seem clueless and unrealistic to more experienced investors too =)

So basically I got screwed !!  

@Anthony Dooley Just trying to be cautious, don't want to get screwed