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

I'VE BEEN LOOKING AT MANUFACTURED HOMES AS A START. DO THEY HAVE THE SAME VALUE AS SINGLE FAMILY HOMES? WHAT IS THE DOWN FALL OF PURCHASING A MANUFACTURED HOME? THANK YOU FOR ANY INFORMATION YOU HAVE.

I KNOW A REALTOR, NOT REALLY FRIENDS MORE SHE SENDS ME EMAILS OF THE LATEST PROPERTIES AVAILABLE BECAUSE I WAS LOOKING TO PURCHASE FOR MYSELF. I REALLY DON'T HAVE THE DOWN PAYMENT NOR CREDIT, BUT EMPLOYMENT IS THE ONLY THING GOING FOR ME RIGHT NOW. MY QUESTION IS, IF I FIND AN INVESTOR FOR ONE OF THE PROPERTIES SHE HAS SHOWN ME, CAN I LOCK IT UP WITH HER AS THE REALTOR? OR WOULD THAT BE INAPPROPRIATE? IS THE FINDERS FEE MORE BENEFICIAL TO ME IF I'M ONLY WORKING WITH BUYER/SELLER SCENERIO?

Anyone know if there are loans available to someone with good credit who is interested in buying a foreclosure?

I JUST RECEIVED DEAN'S BOOK AND I'M READING BUT MY FIRST QUESTION OFF THE TOP OF MY HEAD IS...HOW DO I FOUND OUT THE MARKET VALUE FOR A HOME, SO THAT I MAY PROPERLY MAKE AN OFFER?

Hi,
I found a house to flip? It needs about15K in repairs I could pick it up for about 90K and comps in the area are about 150- 170K. PROBLEM IS NO MONEY, i'M TIED UP WITH ANOTHER DEAL THAT I JUST OPENED ESCROW ON AND I don't have the cash. I offered 115K with 25k back at closing and was rejected. I'm very new at this and that was just a quick thought, was that a stupid request? Any ideas? Thanks, Steve

I am almost finish reading "How to be a real estate millionaire". In chapter 15- Profiting from lease options and locking up deals there's a story about a student named brett who found good potential preforeclosures and then found an investors to get a finders fee from. I too am in the same financial situation and that sounds like a good way I can get into real estate with no money. I was curious though about how I can be sure I will get a finders fee. Is the deal just in good faith or is there a legal way I can document the deal to be sure I will get the money.

Would it behoove me to first create a "buyers", team? Before I even start to look for properties? And if the ans is yes, what seems to work best when getting a team of buyers on your team?

know of preforecloser but don;t think i could get tenant out if i buy him out,, what if it goes to foreclose then i bid at auction i figure let the REO DO the aviction? any benefit:?? 70k owed on property less atty fees? market value condo 110k .. would like to rent it out?? oh ya this would be my first deal>>>>

Do you want deals to come directly to you without hitting the MLS first? Start telling everyone that you buy real estate. When I first got started I kept it a secret about buying real estate. It was almost like I was embarrased about it. Once I got over that fear and started telling people "I Buy Real Estate" I started getting calls from people wanting to sell. It is really great when you don't have any competition on a deal. Will you get criticized by some people when they find out? YES!!! It doesn't matter! It's worth it! Get it done! This is your chance!

When I first got started buying real estate I had it in my mind that I needed to find some fixer uppers, that way I could get them cheap. And because I was looking for fixer uppers that is what I found. Eventually I got tired of fixer uppers and decided one day that I was going to buy a house at a discount that needed little to no rehab. Guess what, that is what I found. I recommend, in this market, to look for good deals that need little to no rehab. Carpet and paint at most. You will be able to do more deals this way and have more time to look for new additional deals.