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

Well I did a walk through inspection yesterday on a foreclosed property that the lady let go. The property needs about $60-$70K and according to the agent with that into it, the property would be a "Cream Puff" Im going to try to lock the contract for $140-$160 with a re-assignment and profit potential of $20k. Now should I get this under contract before getting in touch with other investors? I dont want someone going over my head and snatching the deal away.

So I feel kind of weary posting this but for the seasoned vetrans I feel I have another family here. We live in a 2 bed 1 bath condo. About 9 months ago we fell behinde on our payments, me being laid off and just lack of $$. Were in the foreclosure process now and I feel with this new found knowlage I can get us out of the jam and maybe even make some money. So the condo is in my fiance's name because she at the time had pre approved the loan. We paid $147,000 and owe $138 with fee's as a pay off.

I just thought i would start this post for all you "newbies" out there that are looking to get started in WHOLESALING properties, this will BRIEFLY explain what "TOOLS" are needed when you have the formula, marketing, and contracts down pat. This will help when your looking to actually going out into the field.

1) DIGITAL CAMERA: You are going to NEED a camera to take pictures of vacant distressed properties as you drive through neighborhoods. You will also need to take pictures as you meet sellers to look at properties, other investors will want to see what your trying to Assign.

NO MONEY, NO CREDIT, NO EXPERIENCE, NO PROBLEM **

I am sure that this topic sounds familiar to some, as well as it should. It was posted here one before but I had to remove it for various reasons. Now I am posting this one - I am going to try to make it as comprehensive as possible and any questions you have you can ask here.

A Real Estate Bird-Dogger will canvas the ads and websites any any other venue to find deals on real estate for investors.

Had to share, I found an amazing property I might make my 1st deal all I can say is it's in the center of town motivated seller and seller financing. Guaranteed profit's and I dont even want to think about what it will sell for in 2 years. Been told 7 digits. Some brief info

This is the historic Centennial building in down town Hardwick Vermont. The building recently housed a restaurant on the first floor. The second floor has extensive office space. The third floor was a hotel which needs renovation.

Hello DG Fam!!!!

I have been searching the net for hours!!!! Basically looking for some good sites on obtaining properties in pre-forclosures.

Has anybody used or subscribed to Realtrac.com? It looks to me that it has the most to offer. The subscription fee is $49.95 per month.

It does offer a 7-day free trial and then you can cancel, but, I have dealt with other "free trails" that make it so hard to cancel it is rediculous!!

So I'm sure that this has been asked many times before and I am sure people will frown in the asking because I could have searched it out but being new maybe I wont get in trouble lol. So I just about finished my book and am very excited to get started. I've searched around my local papers, free real estate guides and craigs list, and have become over whelmed with properties for sale. I have found some that seem to spark some interest but I'm stuck in the next step. These would be the steps I would think to follow?

1. Look through and find possibles
2. Call owner/agent/mortgage broker

Hi,
My name is Robert and I'm just getting started. I will be working the lower Westchester ( New York ) market and purchased the use of the AFF system . Can anyone share with me their experiences using it , best results , etc....?? I've been in a related field for over 25 years and look forward to working with you all !!
RBW

Hello forum people,

I just got a call from a very enthusiastic lady about my newly purchased book, and was a bit embarassed that I hadn't even opened the package....sorry. I have always wanted to dabble in the quick turn over of real estate, but was concerned about the possibility of finantual fall out of failure. Maybe someone can give me some real world ideas of what I need to do to get started, and what is considered too deep for the first time person like myself.