REO tips for a cash buying newbie?...

[Jay Gray]

Hey all....

I'm just starting out. I'm basically just looking to get bigger pockets :)

Northern California based, I do not currently own any property & have zero debt. I have about $500k cash liquid + 100k/year++ job.

I come from a family of DIY'ers, and a couple of my family members are retired (who are very handy) are interested in helping rehab houses. Mostly for something to do... lucky me! I'm also looking for something for myself to buy and occupy.


Any hard learned tips or words of caution for the cash buying newbies here?

Also, I've noticed there are many bank sites out there that list their REO's.... are there any good (free or pay) sites out there that routinely aggregate this data? If not, I'll put something together soon (programmer!) ;)

Thanks in advance for any tips!