You need to be very careful as the other party could misunderstand your role if you are not clear almost from the first conversation.

hello everyone, well anyway i'm a new investor and after some research i decided to focus on pre-foreclosures.well anyway i was told of a strategy that i could use that didn't involve the use of any of my money or credit and will allow me to actually retail these properties to end-buyers and not just wholesale them for a small profit to other investors, it sort of goes like this.1- locate and market to the people in pre-foreclosure, 2- once they contact me setup an appointment with them, 3- setup a land trust with them ( which they will be the beneficiaries and either me or a disinterested party the trustee)and have them sign a "warranty deed to trustee" doc which i will record at the my local court house, 4- also have them sign over there beneficiary interest to you which you'll store away for protection of problems that might come up in the future 5- start marketing the property as well as working on the short sale with there lender, 6- once i have my end-buyer (and hopefully my short sale is accepted in time) have my title company perform a double closing to pay off the first lender as well as myself, and to give the end-buyer clear title without any seasoning issues coming up (which i was told there has to be two separate HUD's, two separate escrow accts and etc)so my questions are: do i have all the steps down correctly or am i missing something?

(As an aside, according to the Honolulu Board of Realtors, there were 1,366 condo sales and 975 single family home sales in the third quarter, for a total sales volume of $1.311 billion.

•Third, it will give you more confidence than you can ever imagine.

I am now on my third property.

The way I figure it, everyone has to make something, it has to be a win/win for all parties involved, including the home owner.

The bad part is that they have 3, 5 yr old black labs.

Having central heating installed is pretty expensive and I don't think you would collect more rent if you had it.

Just one option, but it might take a lot of work to make it happen and all parties have to believe in the venture.I would not suggest that someone obtains a loan and passes it on to another just because of the goodness of their heart.

In my book, a deal is defined as a situation where both parties benefit.