Very new and trying to learn

[Dena Zeid]

I am very interested in REI. I am new and my knowledge is slim but I really want this. I can't seem to understand a few things about finding a good deal.

1. What's considered a good investment deal? At what percent below market value assuming renovations will cost 15k and the purpose is to flip?

2. Where do I find a good deal? MLS, shortsale, foreclosures, REOs don't seem to work since the big experienced investment moguls aren't allowing the small fish like me to breath!!

3. If a seller has equity in their home why would they be willing to sell for anything less than the market value even if they are in prefolrclosure? I can't seem to wrap my head around this.

4. Can a seller with negative equity sell their home for less than market value? I have read in a previous post that you should direct your mail to sellers with negative equity as we'll but can't seem to quiet understand.

Sorry for the many questions, again I am trying to learn and I have the desire to do this. Any reply would be greatly appreciated.