Obviously, deal flow is small and scams/fraud is rampant.I am happy to share if I can help you with any of my knowledge.

Hard money lenders seem to be the way to go but everything were finding on the internet either doesn't service this area, the minimum amount loaned is 100,000 which is pretty high for rehabs in our particular market or is just flat out scams.

I have yet to hear one instance where this was a problem or could not be done, or encountered a lender calling the note due.

I have heard and read from other agents that when they are posting rentals on craig list, scam artists will copy the ad contents and post with their email contact info.

The escrow company would collect the money and cut us our check first then he gets what is left.Is he trying to get control so he can scam the tenants?

Section 8 will immediately cancel all contracts with you and you may be in legal trouble on any variety of charges relating to scamming this poor woman and her 7 children who lives on public assistance.

And maybe you don't like the sound of "Buyer's Agent," but if you want the inside scoop with REO properties in the Pittsburgh area, you are going to need to speak with myself, or one of the other few agents who are willing to go through the brain damage that you will certainly encounter. the trick is having somebody who knows the ropes be there, and explain the process to you.

It has got some more turbulence to encounter!

The real kicker is the owners had to pay $10,000 to this company to be scammed out of their houses.

I have experienced that from many of the people I have encountered with NRU as well.