They typically think that a Foreclosure list that is public record is a SS.

The bottom line; REO's seem to take longer than typical wholesales.

If you have 10k you can typically only by 10k in stock, but with 10k, even with tighter lending standards you can get a home valued at 100k.

Even though many typical Americans are outraged by the bailout, they don't really know the half of it.

Anywaaaayss lol... ladies and gents, Ive been trying improve my cold call ratio and i need a formula for how talk to a potential seller/ and how finding out if an seller is motivated. i am a new investor as of which i have completed 1 deal and am in the process of completing an second, but for some reason this which i believe it due my mechanics and experienced level when talking to an potential sellers of course u get the typical hang ups, or the No's for no logical reason;. but when u find someone who is willing to sell and determining if there motivated to sell are two different things.

Point is, if someone like Donald Trump has put MONEY and/or interest in this guy he's not too shabby...and again, your mentioning of this being the same as a typical "put a house under contract deal" is completely and utterly wrong...read up on his program, may even help you close a deal or two.

Income and Expense Statement - I typically include Projected income based on current occupancy and Actual expenses from the previous year with adjustments for any differences.

Assuming you qualify, which is to say you have enough income and not too much debt so you can afford the new loan, and the property qualifies, meaning the amount of the new loan is less than typically 90% of the value, you'll be able to find someone to give you a new loan.

Are local/independent banks typically more flexible with their terms on commercial loans, too?

I understand that typically when a bank approves a short sale, one of the conditions of approval is that the contract cannot be 'assigned'.