Of the homes on the market at the moment, 2/3 are bank owned and an even higher percentage in the low to medium priced neighborhoods.

But here is one of my methods:What: Drive neighborhoods.

WH.....this is good, but again i am thinking on a couple things here, only wanting to make things flow as simply as possible with little to no gliches at the end of the transaction....i'll try to explain what i mean and maybe i'm speaking for many out there that are making some attempt to find success in this endeavor....in regard only to a short sale transaction the following occurs:property owner (let's call this person the "seller") allows for an individual (let's call this person the "buyer") to "purchase" the property merely for the sake of the "buyer" moving forward to deal with the loss mit people at the lender.as time moves along, this "buyer" gets written confirmation of the lender accepting the "price" offered via the customery HUD-1.now let's say for illustration purposes the "approved" price the lender has agreed to is $250000, the value of the property seems to be in the neighborhood of $350000 and the "buyer" wants to "double escrow" this bad boy for $300000 (generating a clean $50K profit)......in this illustration/scenario the question remains: "what is the cleanest, simplist" way to accomplish this?

The appraisers live in the communities and neighborhoods in which they appraise.

We want to buy and hold small multi unit properties and do some wholesaling in between the multis for some quick cash and to help with the debt ratio on the multis.My wife (30) and I (33) have run quick numbers on hundreds of MLS listings and gone to look at somewhere in the neighborhood of 40-50 of them.

Albert, Since you're in Long Beach I would recommend buying in the transitional neighborhoods.

Stick with solid neighborhoods showing strong past track records.

or are you just shopping orders??

You see, most sellers whole-heartedly feel like they pay the commission because after all, it is deducted from their net proceeds.As far as this:So if there is no agent you can buy the house for $94,000, and if there is an agent you can buy the house for $100,000.You couldn't be more wrong.Do you really believe that a person of sound mind and know-how would sell for 94K when every other home in the neighborhood is selling for 100K.

Granted this is just my opinion, but it is based on 28 years of experience (including the '80s collapse of the TX market) and some careful looking.I've noticed more For Sale signs in Austin and San Antonio lately, including too many on NEWER houses in NEWER neighborhoods.