This is in midwest, and houses of same size are going for about 165000 in that area , I donot understand why nobody has grabed the house yet. but i think i will call their band try to place a offer of arround $135.

Hey all, I looked up REIA's and so many came up in the NY area that I'm trying to narrow it down.

If you have cash, great credit but hate the idea of tenants then that narrows the field.

Also, based on the fact that I live in a higher priced market and now that you know my background, maybe some of you have some suggestions of what you think I might be good at or would possibly find some interest in.Sorry for the long post, but I am eager to start narrowing down the focus of my research and get moving.

A buys a house from B and finances it with a mortgage from C.

I have a rehab for sale that has been sitting or a few months. It is priced well under it's appraisal value and needs zero work, all new everything. I got a call from a guy, "Bob", a few weeks ago about it. Bob tel...

However, it currently has a renter and the lease is good till early 2009; thus, that narrows down my prospective buyers to those looking for an investment rather than a home.I'm to the point where I would be happy to just sell to recoup my initial investment - I'll take a break-even point and all the lessons I've learned and be happy.

I too have a fear of starting out.I only have decided that I was going to do this about 2 months ago.I've done a lot of reading these past two months, and have worked a little in residential construction but I still have a lot of things I worry about.I've already lined up financing, got a real estate agent, and looked narrowed about 30 drive by's to 5 or 6 properties I've looked at and I'm pondering making an offer.The thing is these properties are not in the best areas.

YOU folks have kept me on the straight and narrow, and for that I am grateful.

I know I know… It’s pretty easy to be optimistic when you are sitting in an appreciating area… But the point is this… You need to get in correctly, be prepared to make changes as you go along, have a plan “A”, and plan “B” and a plan “C”… Etc… Be flexible and be ready to change and adapt to the market changes…