Very excited about possibilities, I have two questions

[Quincy Williams]

The idea is to get a house at a discount of 30-50%. But how am I going to get the house at such cheap of a price when theres hardly any equity in these pre foreclosures?

ANother way I could do it is agree with take over of loan, agree to give them10-12 thousand dollars, assign the contract have the invester pay them without anything coming out of my pocket while making a hefty chunk of change say 5-10 thousand dollars? That strategy works, does it?

MY questions are how do I go about getting a house for 30-50% off, and could I just agree to take over existing loan while promising them (I hate to say that) some cash and assign contrack over to invester? Any other strategies would help.

[Don Konipol]

I am going to be blunt. You need to get a lot more real estate education before you actually attempt to tie up a property. If you think properties are available at a 30-50% discount you've listened to the guru's fantasy pitches and need a good dose of real estate reality.