I wanted to see if anyone is using this strategy, what is the good and bad to it and what has your experiences with it been?

Scenario - Sellers bought house in highly desirable neighborhood in Phoenix, AZ at peak of last crash. They still owe $650K. The home is worth between $595-610K. ARV could be right around $650K. Home is 5 bedroom.Sell...

I've got leads on a couple of houses that need a fair amount of rehab. The problem that I have is that they have no potential profit, as they are, because of $ owed on them. One is behind on a few payments and the oth...

I know this is a long shot, but I got a call from a gentleman today who lives in California and owns a 6-year old 1200+ sq foot house in Charlotte.  3br/2.5ba.  Has had renters in it from day one.  The last of which w...

I was talking with a friend and we discussed something that I havent really considered before.He claimed that he was underwater on his house because if we wanted to sell it he would only be able to sell it at market v...

I recently saw a presentation on Subject To transactions and the presenter suggested an advanced concept that involved buying a property that was underwater and had two mortgages. He mentioned you could short the seco...

When qualifying a property, why does it matter how much it is under water if the bank will still only be able to get the highest bid at auction? Isn't the bank just as likely to accept a short sale vs going through a ...

If a person owes more than the house is worth is there anything you can do to help them? 

I have reached a seller who I know is under water in his mortgage payments, I have arranged to meet him tomorrow. What is the best way to break it to him that I know he is being foreclosed on? Also, how can I found ou...

I recently attended a REI meeting here in Dallas/Ft. Worth and the speaker stated "When someone calls you with a problem - THEY have the problem, you do not pick it.  Offer a solution to THEIR problem."With that in mi...