However if the seller cannot get his credit in check and align himself to buy back his property, I will simply throw it on the market.Keep in mind the original safety net is 75 percent of the value at the buy in price, this is Southern Californian RE, the price will almost never drop so drastically in that short amount of time.

1-1 bot. 2nd Beckett thinks he's tough, and is allowed to throw at guys when he wants.

Teardowns with upscale townhomes are within rock throwing distance, but I have several years dealling with the current crowd.

I have never specifically used options to tie up real estate, but have traded stock options and thought I would throw in my .02 cents on risk.Any option is simply a contract between two parties where one party pays a monetary amount up front (premium) for the right, but not the obligation, to purchase some asset at a set price over a specified time frame.

Where I am (Los Angeles, CA) CAM throws a lot of round tables in big conventions centers.

They just gone deny my offer most likely but I will keep an eye on it for next couple of months and then throw in the same offer.I just want to get a feel of it..see how desperate they are..

Just throwing this out there, but does anyone know any buyers or sellers of D2 or JP54?

Then I fill in the stuff that always goes into the contract and throw an image of my signature on it.

But then again,at such a low $ amount, the closing costs might throw off the ratios.I have to run the numbers and see the diffences (cash on cash return, particularly) ...However, the BIGGEST problem i see with NOT getting a mortgage, is the repayment terms.8% at 5 or 7 years is going to KILL my initial roi.I will be paying out like 5-700 a month, and these places are likely to be pulling in only 560-800K a month.:( :( :(AAAAAAAAAAARRRGGGHHHHHhhhhhh!

It is an FHA program and currently if it is a FHA REO they would throw in a couple of thousand in closing cost money.