Getting Started Need Some Advice

I found a very helpful real estate agent at my local real estate investing meeting and she have been sending me properties, however I am still very nervous and a bit confused on how to get started. I have found about 3 cash buyers that is hungry for deals but in order for me to lock up a property with her I need to have earnest money of $1000.00 immediately when an offer is excepted.
My money is tight but I know if I get a deal excepted my offers are so low I will have no problem passing them off to a cash buyer.

Is there anyone that can help me with some advice.

Thanks a bunch for your response in advance

Hello everyone I'm new here. I'm trying to go by the book of Dean's and trying the niche of bank reo's and forclosers. I've managed to get a list of non-performing notes and forclosed properties from a local community bank, I wanted to start off small. Now that I have this, I'm stuck on what to do next. I've managed to establish a good conversation with the bank lender and asset manager. I don't have the funds to purchase any of these properties so I would like to know a great way of possibly coming out with a deal, please help

I've gone through the website, listen to weekly wisdoms, and I really don't know how to start. I have 2 jobs, bad credit, only my car as a debt...no credit cards, and live paycheck to paycheck. HOw do I start? I can't get a bank loan, have no savings and really am at a loss! Just this year I'll have a tax return check. I'm ready to buy cheap land and go live off grid but I'd really like to see my cash flow turn around. I have time...just no money or credit. In this world there seems to be no other way unless you have one or the other. I'm happy in my little life...I live in a camper and work hard but I'd sure like to have something to retire on!

Take up wholesaling. My company has made hundreds of thousands of dollars with NO money out of pocket! Will it be easy? No! Can you do it? YES!

Michael

I've been wanting to get involved in Real Estate Investing for a while now, but have had that fear of failure, so I haven't taken action until now. I have found a foreclosure that has already gone through auction with no bidders, so it will be going back to the bank and be in a six month "Redemption" period. I'm not sure exactly what that means, but I know that banks don't want empty houses sitting on their books. I know this house would be a great investment as a rental property. Rentals are being grabbed up as soon as they are listed in this area. I want to take advantage of the market right now, but I don't know what step to take next. Do I contact the bank that currently holds the lien on the property and try to negotiate a deal with them?

You can try and contact the bank. If its a small local bank you will have a better chance of working with them. The large banks are a waste of time for single property purchases. They will just list the property and try to get top dollar. Things are different than they were several years ago. If a bank knows they can get top dollar by listing and selling on the MLS, why would they take less?

Good Luck!
Michael