I have a house next to me that has been vacant for over 2 years now and it somewhat interest me to buy and flip or even rent. This would be a great way to expand from my one rental. I am thinking more of a flip than r...

Just out of curiosity..does a yellow letter need to be yellow?

Can anyone concur or add to this out of curiosity?

I'm interested just out of curiosity what kind of numbers these shops return as well.

The one area of growth I'm having trouble believing or understanding, is the amount of debt carried by an investor while accruing properties.  

Why would you do 20% down instead of 10% down, out of curiosity? 

.* Market is hot, could be profitable to stay and keep accruing equity, also neighborhood is improving.I am starting to feel bad about the work that needs to be done there.

My last card is at 5400 and currently accruing interest at 13.49%.

I have a late fee of no more than 10% ($60.00) and $3.00 daily administrative fees accrue after the grace period ($102.00).

I would use the option fee that I received by assigning it to a TB & have that pay for the fees in the pre-foreclosure process & therefore the home would be out of the process once the funds pay off the delinquent payments.It would benefit the home owner in trouble by:-Making the mortgage current-Potentially saving their home-Little if no cost to them-Save their credit (somewhat)-The rent would cover mortgage paymentBenefit TB by:-No qualifying for home-Can accrue equity with each current payment -Can build creditEverything would be done at an attorney's office for signing papers & etc.