The house is in the beginning stages of forecloser and the owner threw it on the market to try to sell.Look at the property history:Book/Page Sale Date Sale Price 14390/46 8/3/2004 239,900 13709/533 10/24/2003 99,900 3540/0280 10/8/1970 2 16862/0227 8/13/2007 226,950 This tells me it was a rehab at one point.My guess, without doing further investigating was that he couldn't rent it out, and make any money, and now he's forclosing.

Price per sq. ft. is one of the best (in my opinion) and quickest calcualations to determine if a property warrants further investigation.

Its being investigated.

Originally posted by Wheatie:To be frank, when you offer 20% returns and say "there is hardly any way to lose money in what I am doing" my eyebrows really go up.So do the eyebrows and investigative interest of every state regulator and the Securities and Exchange Commission.

So the protection of the law would not apply.I strongly suggest that you investigate the laws in your state regarding Sub-2's.

Use the various REO lists from the banks to investigate properties.

I've heard a lot of talk about prospecting and short-sale investigation on here.

Federal Bureau of Investigation entered Madoff's New York apartment."

I do it all the time.On the other hand, if the agent you have been working with has spent time and efforts with you investigating properteis for you, offering professional advice, etc, you owe them the commission for that property, but not for others you do yoiurself.

BG, I think you might want to investigate why they will only accept cash.