Things have changed considerably since Lonnie wrote his book, and Lonnie Dealers all over the country are struggling to either band together to form finance companies in some states, to hiring outside firms to originate loans for them in others.

Should I have paid, probably not but it one less thing to worry about.Exterior damage was done months back, rocks shot from a friends lawn mower doing me a favor.

So after the Investor and Seller sign the option to lease option agreement, then you find the qualified T/B....next the T/B goes down to the title escrow company to sign the assignment agreement with the Investor assigning the option to lease option "rights" to the T/B...next the T/B signs the lease agreement and option to purchase agreement between the T/B and Seller...next the T/B delivers check to escrow company for assignment fee and 1st months rent...then the Investor gets paid by the title escrow company and out of the pictureIs this correct??

If you are living a good life and have all of your bills paid with the 2300 per month, and your life is headache free, you may not wanna rock the boat.

Tom,It's like stock.There are buyers that buy 3 shares every 2 weeks not matter the price and then those that buy much more in the CYCLE that is most advantageous for them to do so.I like LEVERAGE.I think LEVERAGE was bad during the boom times because now many are upside down.When interest rates are low now and prices are rock bottom they will not stay that way forever.So I would leverage and get as many amazing deals as you can right now and when the cycle starts going up get real picky about what you add from then on to add to your portfolio.If you buy right leverage is a great thing.

Sometimes when they leave, they leave behind a key with a neighbor or "hidden" under a rock, floormat, etc.On one REO I visited after it had the front door re-keyed, the keys to the back door were left in the mailbox!

I live in Round Rock and I would be happy to meet with you for lunch to discuss the specifics of what you are trying to do.

The only reason they got involved was because I asked to split a unit.We did some wiring updating, gas line updating, sheet rock, and painting.

J Scott - We're counting on you guys to rock that Rehabbing Bootcamp out of the park!

The key is to have a plan B and not fall in love with the property you're looking at.