for a fee, the company negotiates with the bank a repayment of that 2250 over a 6 to 12 month timeframe that is tacked onto the monthly loan payment of 750, eg: 937.50 for the next twelve months would be the clients new mortgage payment)

When we are done, we have negotiated on the time frame and if I go over the agreed schedule I work for free, however, if I complete the project early then I get a bonus, usually the remaining weeks + $5-10k depending on size of project.The rest of my clients pay 15% of construction costs + expenses + per diem if necessary.

Sometimes you have to wait on them for a long time (hence the deal above) but its sure worth it in the end.Take it from a former asset manager, with your system of staying on top of prices and timeframes, and making strong offers when the price is right, you're really on to something (as evidenced by your 9 REOs and growing).Congratulations my friend and thanks for sharing this valuable and inspiring story.

New light fixtures can be quick and fairly inexpensive.

$249,000 for a 2602 sq. ft. home... just listed... great for investors looking to purchase large quantities of homes for inexpensive price per square foot.

If the property is not producing an income after expenses (assume 50% of the gross scheduled rent is paid back out in expenses) then the tax deduction will only marginally improve what is likely a bad deal.Are the deals you are considering profitable and you just want to take advantage of the tax code?

If you happen to find the owner and are the only one presenting them with a solution to the problem they might take it rather than wait for the next offer.The compromise is to try to outsourse the search to someone who you can hire inexpensively.

It is very inexpensive to attend and is an excellent opportunity for a newbie to learn a lot (just leave your credit cards at home).Good Luck,Mike

This book is a great read and very inexpensive.

In this part of the country, homes are not inexpensive.