Of course like I mentioned before, there is that pesky double excise tax as the downfall to this.Option 2 is great from a transfer tax perspective because you will only pay it once.

Most importantly, your deal you only made $600 on would not have been a deal you could have wholesaled as there was no profit in it from an experienced rehab investor perspective, you just did not know that at the time.Point is, if any individual has the determination, the abilty to put together a team, to learn, and the drive to succeed, they can do it starting out with wholesaling, with rehab flipping, or with anything they put their mind to.

If my maximum bid got rejected, I was simply going to walk away & move on to the next deal.Obviously, I am thinking from an investor perspective and not simply a homebuyer.OP..you pose an excellent question when you asked...Is there any way to find out if they really have another offer?

From your perspective, she got the deposit because she didn't pay the rent.

@WillFrom a lender's perspective, a property is worth what it sells for.

Thanks for the perspective guys.

There are three main "buy and hold" investing strategies we all consider on when looking at a property:1) You are either looking for great cashflow (10% cap rate or higher)2) Decent cashflow and equity play (any positive cap rate with the intent to sell within 2 to 3 years for equity profit)3) Pure quity play - (could even be negative from a cash flow perspective) , but it is a hot emerging market and you hold onto the property for maximum of 6 months (or no longer than a year) with the intent to flip for profits.Having been born and raised in San Jose, and still work here (at Realtor.com), I can tell you to get any cash flow at all for the Silicon Valley is remarkable.

., pretty much anything which sounds bad (hype in my mind) that would lower the value from the bank's perspective.

I believe Carlton was using subtle sarcasm in voicing the perspectives of a lot of men who do have unintended children...

From that perspective, an argument can be made that letting your house go into foreclosure is not unethical and is also not "breaking a contract."