Buying Foreclosures, REOs. Short Sales, FSBO, MLS and More

Hi all. I'm looking for wholesalers in the Cleveland area to co wholesale with on a possible great deal I'm looking into. I'm new to the virtual game, and need someone to partner with in the area. Just got a call last night from somebody looking to sell. We spoke again a few hours ago, and he's looking to sell two of his duplexes for a great price. I told him I'd go over numbers, and call him tomorrow. I just need someone in the area to partner with on this deal with. Will Take Less than 50% of profit.

Beautiful 4 bdrm 3 full bath home in highly sought after gated community for sale by owner.

http://columbia.craigslist.org/reo/5008523985.html

We just won another auction.com property, here in Beverly Hills, Fl. It's a 2 Bed/ 1.5 Bath/ 1 Car; about 1300 sq. ft. of living area. Just needs paint, carpet & appliances about
$ 4000.
We are paying $ 46,300 & should sell it for around $65K
to 67K.

Our son Joe has just finished his High School Junior Year in the IB Program with all AP honors courses ... but he wants to follow Dean's & his parent's lead & become a real estate investor.
He wants to Buy & Hold; we've just signed a contract & have had it accepted on a 2 Bed/2 Bath/1 Car bank owned house that he's paying $ 44,300 for & will use it as a rental.
He should cash flow about $ 200 per month; & plans to have 5 rental homes while he's in college.
He's got me beat, I didn't buy my first house until the age of 20; he's doing it just turning 18.
He's using our connections, & some of Dean's techniques
for the purchase ... he got a local investor to give him a 30 year loan @ 8.25% APR;(with Jill & I Co-signing) & he is putting down a 10% down payment.

I saw a local house for sale on auction.com; Jill & I have bought several through them before with good results.
When i went to preview the property, it turned out that the owner was still living there, she saw me walking the property & to my surprise invited me in ... it was in very good condition.
That gave me an "Unfair Advantage" since other buyers couldn't get into it. I tried low Pre-Auction bids that were rejected, so I waited for the auction to begin & placed a bid in the amount that the property had been listed at on the MLS,
which was 53,500(we would have normally only paid about 40K to 45K).

What are the best ways to find pre-forclosures. Best way to find ones with equity?

Thanks
Frank

I've been reading 30 days to Real Estate Cash. I made and email address to start receiving my listings. I started calling agents. Haven't got a good one yet, put i'm still hustling and getting better! I'm always looking out for vacant properties now and have been trying to stay engaged! Anyways...A friend calls me out of the blue and ends up telling me he is facing foreclosure in a few months and doesn't know what to do. This seems like a potential deal that just fell in my lap!

He is looking to save it some how if he can. My original thought is try a short sale to a private investor that could rent the property back to him for X amount of time till he is able to attempt a repurchase.

I am holding an invitation to an amazing opportunity for someone who has access for $100-115M cash. This is dealing with NPN's through a nationwide bank. There is no risk, the cash needs to be put in an escrow account for 15 days, after that they can pull it out. This will net a profit of $60M/week for 41 weeks.

My time is running out before this opportunity is closed off. It is very real, I can put you in touch with the facilitator of this deal with a soft POF. The POF can even be sent directly to the facilitator or to the title company.

Contact me for details. Time is of the essence.
Amy Haggerty

Close to my first deal !

So I may have financing for my first deal... Looking. To buy a foreclosure in Pennsylvania and I have to figure out what are my responsibilities after I buy the foreclosure apart from property taxes and any possible code violations

I have two exit strategies in mind

I found most cash sales happening within Active Adult Communities. I am assuming that people who move in have probably downsized and have enough equity from the prior house to pay cash. Curious to see what kind of investor activity happens in these communities - how easy is it to wholesale properties w/i Active Adult communities. Thanks!