Having my brokers licence allowed my to write contracts and explain the contracts better with less parties in the chain.  

Typically, if you purchase a foreclosure auction property and contact the entity holding the lien and explain the situation they may reduce or strike off the foreclosure-lien held against the property.

Thanks guys.Can some one explain to me or give me a break down of how someone would actually do this?

@Latisha Haynes- As @Theo Hicks rightly explained the calculator is the tool of choice for the initial litmus test to ascertain if it's a deal or not.Below, is the link for the calculators.https://www.biggerpockets.com/real-estate-investme...

But if the 'student' has already made up his mind that creative real estate is not possible, then it's so much easier for that person to not even try. 99% of those who proclaim that they want to get into real estate will never buy their first property, because it's not the type of 'paint-by-number-scheme' that want it to be.How do you explain that he recommends his good buddy "Robert Abalos', who's been disbarred in Virigina, Maryland and DC for real estate fraud? 

Once in a while the party on the other side of the table will object to the contract being assigned the contract rights.  

@Brent Coombs thanks for hanging in there with me.I think I may not be explaining this well.  

I just never used an attorney since there isn't a need as you explained.  

I've read some conflicting information regarding capital gains tax. Is capital gains tax tiered? Here is a simple example:Let's say ordinary income is 10k for a single person. The 10 to 15 percent tax bracket threshol...

Confused we asked why and he explained that even though the other offer was for cash that the seller really didn't want to deal with the hassle of the piano or other junk and decided it was worth our financed offer.To sum this all up it isn't always about the money but rather the other services one can offer......