Rents follow the law of supply and demand.

The only thing that I would add is the following and maybe this will clear up a few things for the initial questionaire Chris J:1.

If I were to use a seller's agent on the 2nd property I mentioned, using the following numbers: $130,000 x 3.4% seller commission= $4,420 fee. $12,000 profit- $4,420 fee would still leave me a little profit.

As a seller, you want this because it gives you the rights to sue the buyer if they don't follow through.$70K for $950/month rent sounds about right.If you're going to just turn around and resell it in the same condition as you bought it, you have to ask why someone would buy it from you when they could have bought it from the bank cheaper.

I have the road map to success and will follow it.My strategy is Wholesaling and am looking to complete 10 Wholesale deals by 12/2009.Looking forward to meeting all of you.

I followed the requirements in our contract within the timeframes, and they returned all of my money without issue.So I can't say how their deals turn out, but I can say they dealt fairly and honestly in my transaction.Dawn

I am looking at two proformas for one investment and noticed the following:1.

Your potential buyers have to opt in and then you follow up with an auto responder series?

If the agents didn't keep following up with you, it would sound like you made the right decision by not hiring them.

D asked to have it deleted: requires me to pay to the broker 6% of purchase price if Seller agrees to sell, or transfers the title of all or any portion of the Premises to any governmental entity resulting from an actual, claimed or threatened taking of all or part of the Premises by the governmental entity pursuant to its power of eminent domain;(that's not even on the listing agreement of another co, but the other4 are...)Section E modified to read: Section E Now reads: Seller shall pay to the Listing Broker 6% of final sales price ifDuring the term or Extended Term of this Agreement, a sale of the premises to a qualified buyer is prevented by Seller, (modification follows) unless the Seller dies or becomes incapacitated as determined by her primary Care physician.She has in the extension that I will sign a 3 month extension.