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

Hello DG family. This question is dealing with preforeclosures. I am wondering about my strategy to attack these properties. Should it be subject-to or lease option? If either of these strategies would work could someone please help me on how the situation could pan out? Thanks a bunch?

Ok so I am getting close but I notice I all the sudden have a fear of explaing what I'm doing to the home owner. How do you guys explain the process of wholesaling to them and what do you tell them if you can't close on the property because you didn't find a buyer???

I'm just wondering what some of you more experienced investors would do in this situation. Your input and tips would be appreciated.

Yesterday, a friend of mine showed me an apartment he was looking to rent. He talked to the property owner/landlord yesterday morning and we were allowed to go in and look at the place. My friend has no interest in buying the property, but it peaked my interest. Unfortunately, tragically, yesterday afternoon the property owner died in an accident. My friend found out yesterday evening and called to tell me about it.

How do u buy a foreclosure as ur first home or an investment property?

Hi. I am a very serious newbie looking for either a mentor and/or partner. I want to do wholesaling and I am looking for someone who wouldn't mind answering some questions just so I can make sure I am doing it all the right way. I have done a lot of "leg" work already, but I am a very hands on learner! It's also important to know that I need to do it with no money down. If anyone is interested, I am willing and able to do all or most of the work with some guidance and then split the profits with you.

Cool site
www.zilpy.com

Sorry I wasn't sure where others have posted things like this before I've just seen them and never thought anything of it as I caught it a little late. I have a house like I said at 53% of arv in Fort Worth, Tx it is in the Wedgewood neighborhood, I grew up in that area and I still have fond memories of it, it is nice well established side of town, very little crime, a place where I wouldn't mind raising children. This house about 10-15 minutes from the mall and all the major stores Fort worth has to offer a hop from I-20 highway and about 30mins from downtown.

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Therin

Here is a link to an article that I found very interesting. Several big banks have settled with most states over the issues of fraudulant forclosure practices like robbo signings. Home owners that were forclosed on my be able to receive a settlement is one thing that stood out.

http://money.cnn.com/2012/02/09/real_estate/mortgage_settlement/index.ht...

Hello Everyone,