At 10% of your revenue, it's honestly not a bad deal.2.

I cant tell you how many times I have essentially given away money I rightfully deserved for my hard work and expertise, out of my desire to be "fair" and to use the gifts Ive been given to help others.

:)Sorry, J, I think I misunderstood the question.We use a variety of different charities, but essentially the charity is acting as a wholesaler in the deal.

Ideally, one would look at the estimated cost for essential repairs such as demo, drywall, paint, floor prep, electrical and plumbing, etc., and then choose cabinets, countertops, and flooring based on what remains in the budget.

If the new guy is paying the mortgage (which I really doubt), the old owner is paying for the mortgage debt anyway and he made a bad deal.The QCD event is inferior to the mortgage, so it essentially didn't happen.

Word to the wise, on investment property, you are buying the revenue stream. . .Dont get seduced by anything else.Much good luck with this, my brother investor!

., a couple of clarifications;The asking price on a short sale property essentially means nothing, unless the agent actually did a proper job and priced it in accordance with the comp.s"Property forecloses for $282k--next day it is on market..."

Plenty of meat for Sub2 and leads can be asked for from the wholesaler letting them know that you will gladly work these leads and if you close a deal kick them 300 or so- essentially paying down their lead generation cost from the throw away part of the list.

Regardless, you're essentially getting several thousand dollars of completed repairs for free if you insist on performing on the contract price.

So if he would be willing to do it subject to his existing mortgage, I could essentially pay him $X to buy him out of his existing mortgage.