So those who wish to sell a house or service on BP need to be extra careful in how they present themselves in order to ensure that they have credibility with the target audience.

For example, while I wouldn't want to be holding commercial property for short-term appreciation or long-term cash-flow right now (I think we will see a big drop in commercial valuations over the next 24 months), I think this might be the best time in decades to acquire mid-term or long-term rentals.For those who are careful and conservative, I think rehabbing/reselling is still a great strategy, and those strategies that are related (wholesaling, lease options, etc) are still very viable.Unless you think we're in for a total economic collapse (and I'm sure there are some who do), it's never a bad time to buy real estate...you just need to ensure that your exit strategy is appropriate for the market.

If so, how do I let the potential buyer know that there is about 2 months in back payments due and that I want to ensure that the tenants lease options stays in tact?

In fact, recent changes to the law now ensure that the GFE you received is very, very close to the fees you ultimately pay.

We have both automated and manual moderation that happens to ensure that more than one member has visibility on the front page of the system.

i decided to avoid all the hoops of section 8...i rarely have a problem getting a unit filled...like i said, i have a waiting list i can go through if i can't get it rented right away...i also put out the signs the first day i buy the property so they see the progress,and it gives me time to find a tenant while fixing up the property...all this combined with a 25 dollar referral fee to existing tenants helps ensure quicker vacancies.

Find a good real estate and/or contracts attorney in each of the states where you plan to hold property, and have them create and/or review your lease to ensure that it meets state code with respect to landlord/tenant law.The couple hundred dollars you spend in each state ensuring that the contract is valid and enforceable will be WELL worth it...

State law governs the extent of the obligation of the parties according to written agreements made....so make it clear.Again, to reduce confusion and risk, make your intentions clear and ensure they are agreed to.

The agent is simply shuffling paper for you.Most agents will just wait beneath the same "faucet" as all others do; waiting for the next batch of listings to drip out, so they can earn a living; and the way to ensure that the faucet keeps flowing for them is to continue to sell over priced investment properties, that often end up in the hands of another bank.

I loan out 100,000 for an hour, that's 1,000 in my pocket.The greatest limitation to lending your money is not the market for your money, it's the ability to do the due diligence to ensure you're being paid off, and that can be covered pretty easily with your closing instructions with any closing agent.If you only do three deals a month, taht's 36% annualized for very little risk, from rolling those same dollars over and over quickly.