(All names are substituted by fake ones for privacy reasons.)In April 2016, I purchased my first house for $134,800 in Spokane, WA (primary residence) - yay, no more renting!

The word morals brings up religion to me so I will substitute ethics.

It just puts him that much closer to the foreclosure auction.Laura Marshall-Good summary, I agree.David Beard , it depends on the investor who owns the loan, as to whether you can substitute/slide a new buyer in, or not.

While I agree with Bill that there is no real true substitute for a knowledgable re investor, a well written program with proper info plugged in can certainly be beneficial to the investor, but nothing is the silver bullet.I have a program for my area and it is quite accurate when used by an investor with market knowledge.That said, this topic was not created to discuss the validity of said systems, rather, which were available for the TX market.

I agree with brian, it is pretty straight forward but will add that it can differ by state and although the title company can help and get it done they are no substitution for counsel.

There is no substitute for talking to people that have "been there, done that".

@Tyler Hayes I'm not sure how this works in Nebraska, but in Ohio you have to have been an active RE agent for 2 of the last 5 years and completed 40 transactions...you have to be qualified and an industry professional before you can broker...California has an education "bypass" where you can substitute college credit for time in the field and experience...which is a bad idea... not good for consumers.If you can simply walk off the street and take a brokers exam or you have another standard, I'd do it in a heartbeat...a broker and an agent are the same thing effectively...the only benefit to being a broker is having other agents hang their license with you...but you'll need to be a viable business in my opinion to make this work.If you're just starting, having your agent's license will give you control over your deals from start to finish.

There is no substitute for being physically present with experienced investors.I'm always happy to help point you in the right direction for resources or tools on BiggerPockets that can help you with your REI goals!

I've yet to see a substitute for an experienced rehabber/contractor going through the property and carefully considering what actually needs to be done.

Real estate investment is an incredible opportunity that offers the potential to substitute your current income.BiggerPockets is a great place to learn and to connect with people so take advantage of all the great resources.Welcome aboard and best of luck investing!