I'd fly or drive there, look at the property and meet with the involved parties face to face.Jon

In '2002 I found that my business travel had increased to approximately 80%+ and started contemplating my next career interest/move.In early '2003 I left the corporate world and got involved in the landscaping business, however this quickly turned into doing other types of projects for people and it led me down the road of providing value-added property maintenance management services.It's now going on 5 years in this business and although it's had it's ups-and-downs I have extremely enjoyed doing this type of work and helping others.

Once the property is an REO the trustee that was involved with the trustee sale is done with the file. 2.

I learned a ton about all the costs involved in investing.

Hey Everyone, I have been browsing the site for the past couple days and have been nothing but impressed by the wealth of knowledge by the members and am very excited about becoming an active member of the site.I am a single father that has been involved in some aspect of real estate and real estate investing for the past 6 years.

---this is the precendence that has been established in circumstances of deliquent income taxes in every foreclosure bailout I've been involved in.

Illinois RequirementsProperty management activities that involve general administration, like contracting for property maintenance (garbage pick-up, etc.) and paying general expenses (utilities, etc.), do NOT require a real estate license.

Yeah, it's sort of funny because I just spoke with a Realtor that apparently has been involved in investment properties for 20 years now.

If not then when you go to escrow to close the deal be named as the buyer.If you have a partner in the deal who is somehow involved in getting the project sorted I strongly suggest you have a clear agreement drawn up.

I know an entire book can be written on each creative tactic I plan on using but I’m just interested in knowing the basics (the contracts that are involved, and what to do with them after they are signed, and under what prime times should I look to use each tactic), I plan on learning the details through the school of hard knocks, that’s through actually getting out there in the field learning and making mistakes.another reason why I just want the basics, is because I don't want that whole "paralysis of analysis" thing to happen to me that happens to most beginning investors, its so easy to get overwhelm in this business that’s why most fail and the ones that are somewhat successful take so long to do so.So if anyone can answer all of my questions or part of them I’ll be so thankful