Example:"Can we finance some of the closing costs?"..."

This would be great.Ok, now because I am really new and am still trying to figure out all this stuff out I am going to throw some numbers up that may not be the way everything works, so please correct me if I am way off base.Example 1: I get the house for 70k and say I can get the loan for the total amount I would have payments at 585 a month for 20 years at 8%Example 2: I by at retail for 100k I get a 20k loan at 8% and I can get the seller to carry the second mortgage of 80k at 4% for 30 years.

These agents, who are connected to banks and receive REO listings, are they limited to...for example 1-2% commissions...?

The exclusion amount is $250,000 for unmarried homeowners.Americans who own two homes frequently sell one and live in the other for two additional years to claim the benefit twice, which is permissible.The proposal adopted today would let only a portion of the profit on a vacation home be excluded from tax, depending on how long the property has been owned rather than lived in.For example, if a married couple owned a vacation home for eight years, then lived in it for two years before selling, only 20 percent of their profit would be eligible for the capital- gains exclusion.Last Updated: October 4, 2007 19:53 EDTSource: Bloomberg News

For example, a landlord can clean stoves and refrigerators all day long (popular items left unclean by tenants) but unless he paid a maid service, the magistrate won't let him subtract the expense from the deposit.It's in the lease usually that you can't screw the landlord and use the cleaning and security deposit for the last month's rent.

My offers have been starting out around 70-75% ARV minus repairs depending on the house/location, and my final offers (for the ones that even countered back and forth with me) have been as high as 82% in one case but still no deal (the the first paragraph example in fact).

Please respond with both the "what" and "how"---example...What: Canvassing foreclosuresHow: Weekly NOD Search at the CourthouseFeel free to go into depth on strategies, techniques and how-to's if you care to...Let's have fun with this and share ideas and leave a footprint for others to see and learn from in the future.

the challenge seems to be in finding an escrow/title company that will allow the "double escrow" to be done.....for example: there is an escrow open that is required by the lender once the "approval" from the lender is secured....then there needs to be another escrow opened between the "buyer" and the "end-buyer" on the same property....so, "end buyer" comes into escrow with the $300K plus closing costs, closes existing escrow on the property...then the title/escrow officer walks into the next room and applies the $250K plus closing costs to the original escrow to close that one.in theory and once in the past this was the way it was and still should be...but, now as it seems, most escrow/title companies are not wanting to do the "double" escrow for reasons of "full disclosure" to all parties, for fear of not being "sued" for some type of fraud.those of us not engaging in these tactics get penalized.....but, such is life....i have a title company that has stated they will do a "double" escrow but, will need to let the lender know this fact. not disclose the "amount" the "end-buyer" is paying, merely disclose there is a 'double" escrow in effect....well, obviously this should kill the deal right at the very end....so, not a wise direction to take....

CVG - The plan example you cite is not a modification, it is a repayment plan.

He basically wanted me to find an area on a graph that optimizes my investment...who knows.As for the question is he an investor, yes he's but I think his example was to purposely illustrate a poor investment as to open our eyes a little bit.