Peter no they simply told me who ever has the cash in escrow first has the home, they said the contract means nothing, I imagine they have a clause in their contract stating this, Justin they said the contract means nothing if they come across a cash buyer before me . i don't know if this makes a difference but some of the homes still have taxes owed.

As I walked to my car I couldn't help but notice the 5 spackle buckets of whole and broken turqoise blue 4x4 bathroom wall tiles that he was saving....I could just imagine what the units looked like.It was the funniest thing EVER and I kept saying to myself, please shoot me if this ever happens to me...........................

While deferring the sale of an asset to defer taxes is often-times prudent, deferring the purchase of an asset because you can't sell it in the same year doesn't have any obvious benefits to an investor who currently doesn't own any other assets.The argument that you'll want to incur expenses in a following year instead of taking a loss in this year doesn't make much sense given the fact that the IRS will allow the carry-forward of business losses into future tax years:http://www.irs.gov/taxtopics/tc409.htmlWhile I can imagine a situation where you could end up paying a very slightly higher marginal tax rate given the timing of an asset purchase, I can't imagine that in any reasonable situation it would be worth passing up a good deal to offset that very slight increase in marginal rate.

I can imagine the least thing in the world you would want to do is spark a bank run while attempting to save the depositors money.

I would imagine Acorn is closed (LOL) but I'm sure there are others.

I can't imagine you will be able to find any money partners willing to accept 1% in exchange for advancing you any purchase money but, you may be able to find a lot of folks that would take an 8% turn key return if they trust you can manage such a pool.

I don't believe the risks imagined by many are really that great.

I'm trying to imagine myself dealing in a different city, I know most all of the appraisers and seasoned agents in my town, and it just wouldn't be a problem, but if I were dealing out of town, not knowing them, I'd probably let them in to the property, meet them there if I could, but keep my mouth shut unless they opened the door first.

Imagine what will happen once insurance goes socialist.

Like I said, my class was taught in a worst case scenario format so it's hard to imagine doing things the way the instructor was telling us.