For me, and probably for James, closing a short sale for a retail buyer is much easier than for an investor.

Tiara - You need to clarify your question.If that income is derived from rental properties and passive real estate it is one answer.If that income is derived from wholesaling/retail sales/etc it is another answer.For example, I wholesale properties, fix and rehab and have rental houses.

Hello,This is for all those who have been involved and have owned other types of businesses (be them pizza shops, retail stores, franchises, subway, mcdonalds, etc).

I know what would create a cash flow, and what would be good to create value by fixing it up and flipping it at the retail value.

Are you forced to pay capital gains taxes when buying and retailing short sales?

And now they're receiving a deal at essentially retail and are told that it MIGHT be negotiable.

We have done plenty of rehabs on those properties to get them rent ready but we have not done any retail flips yet.I also need to add some relaxation time to my schedule.

For example, the last tenant I sued was the MANAGER for a major retail chain.

I've yet to find a house (especially an REO) that can be put into retail shape for just $2-3K.It will cost you at least that just to paint the interior and the exterior...

When I work directly with RE agents where there is a retail buyer, I have yet to NOT get an approval.