My gut feeling is that this house does not have much equity in it and perhaps that is why your buddy is offering to buy you out for $2,000.In the same way that you are thinking of him as spoilt and arrogant (which may well be true), he may be thinking of you as a person who does not understand the business reality of this property - that it was a poor investment with no current equity in it.I suggest that you first try to have this property comped by a couple of experienced agents.

The reality, at least in the Real Estate Industry, is that the fees are negotiable.

In reality I have never heard of a lender going there, I have heard many listing Realtors object simply because they seem to think if there is a loan involved there is a chance it won't close and they won't get their lunch money, then to apease them we just say, it's a cash offer if the loan is in place we will use the loan, if not, we will use cash, prepare to close the deal!

Does UPB just include the principal, or do they throw the whole kitchen sink in there like interest owed, late fees, collection fees, attorney fees, etc. to boost that UPB number higher?

The reality is the situation is dire for many reasons - but then again we were at the brink of worldwide collapse with the S&L debacle also - just read the economic histories.Can the US fall from prominence - of course it can.

The reality for wholesalers is that you analyze all solid deals you come across, put in under contract, and then look over your buyers list to fit it to the right investor.

I agree that a consumption tax sounds ideal, but in reality people would just make large purchases overseas that are "duty-free" and effectively tax free all together.I think what we REALLY need is to start a blank slate in our budget.

In my experience, parents say they want choice but in reality they don't want to do the research or take the time to make that choice.

While someone can certainly put up a fake pic, impersonating someone online is illegal, so I assume that most people aren't stupid enough to do that.2 - It also helps to create a human/emotional connection with that person.3 - Finally, it allows you to bridge the gap between online and reality.

In reality it could be possible that you'd only get 70-90k out of the property you are looking at as a flip after repairs.