It cost ~$100, so yes I invested some money, but I believe that tenant will be willing to stay with me longer due to the sense of urgency I displayed (and display each time an issue arises).

I have enough cash to buy 2 or 3 properties.Would it make sense to buy the homes for cash, and finance them later when I need the cash for other transactions?

You definitely do not close.He physically purchases the contract from you.That's it.Make sense?

If the tenant is "inherited" they would not be eligible to apply pool funds to.I think the key to this one is figuring a fee structure that makes sense.

If you are fixing and flipping, then yes it does make a lot of sense to refinance or borrow against equity, the interest rate will beat hard money anytime and that's good, plus when you're finished flipping the property you'll get your money back from the sale.

We havn't had deals like this sense 1997 if that give you an idea of how often investors buy listed reo's.

Makes sense now....When I saw the buyers agent agreement and saw a 2.5% fee...I thought it might be in addition to everything else.Will some listing agents ever reduce the price by 2.5% if you represent yourself and there is no buyers agent?

That makes sense as far as what you are saying goes.

Michael,Very few residential loans are assumable, in the sense that they explicitly allow another person to take over the loan.

I think what you said makes a lot of sense.