I view non-productive agents complaining about splits the same way that I would view an unemployed person complaining about minimum wage.

My understanding, cash out refi's are requiring a minimum of 6 months and lots of 12 month seasoning requirements.If you only need say 50% cash out, why not get loan approval on a 50% LTP (loan to purchase) and convince the seller that 50% cash down will get loan approval.

He said hiring an attorney to do what is needed here is too expensive, to just use that purchase agreement and a title company.

Maybe an option to purchase agreement can be written so that I can sell the option to purchase to another person?

Whatever doesn't come in to pay off the balance is what the deficiency agreement will be.

We want to put a minimum investment of $250K, because our rationale is that anyone putting up that kind of cash will not be as focused on a daily basis of "what their money is doing" etc.

I try to keep 3 months expenses, minimum, liquid.

The higher class neighborhoods will start to see a substantial drop and more foreclosures start to hit the market.By the summer we will see commercial real estate drop in a huge way.In my opinion the severity of the commercial & jumbo loan market collapse, how it is percieved and handled will be the single largest factor in determing how soon we see the "intrisic values".Either way we look at it I think we are all in agreement that times are going to get far worse before any lasting forward progress is made.This is the best damn site!

I would recommend an LLC with an operating agreement and I would get a lawyer to draw everything up.

I've just signed a release agreement & my agent put the reason as: counter addendum from bank unacceptable to buyer.