Hey everyone,I'm a business student at the University of Illinois and am thrilled to find a place where first hand real estate knowledge is so abundant!

There are several other good state banks in the area that would probably be thrilled to do this deal for you.

(looks like that has been pretty standard for nearly 100 years)I'm THRILLED he didn't use a bible.

*I am thrilled to be working with these people again.

ya i understood what you said...maybe i wasn't clear...what i was saying is that i alraedy shut my agent ouf of the sell commission by using the flat fee...i'd hate for him to lose out on the buy commission as well...i've used this tactic before going direclty to the listing agent and he didn't seem thrilled...probably bc i drive him crazy looking at houses and sending me comps!!

I guess I'll do as you suggested and go sit in at a few sheriff sales before I actually bid because I dont want to take a gamble on a dud property.

I have lived debt free for the last six years and going into debt does not thrill me but I am kind between a rock and a hard place if I want to get involved in REI.I couple of the posts here made me have a bit more pause but I don't know how to go about REI without taking some risk on.I will be getting more involved with an investment as time allows and hopefully i will learn more.Any other thought are welcomed.Thanks again...Chris

You can see similar economics at top law firms, where associates work 80 or more hours per week for several years for the 10% chance of making partner with a 7-figure income.It appears as if some people have a natural tendency to gamble and these are the ones who decide to start businesses.

(Big Brother Obama) :roll: Everyone who has been screaming that we need to cut down on illegal immigration and illegal workers in this country should be thrilled with this new rule.

I noticed you are in California.Many investors are not purchasing there that live there.They are looking at Florida,Georgia,etc. where you can buy multiple properties cheap that cash flow well.California tends to be more of a speculative market where the markets can swing wildly and many take a gamble on appreciation.You just need to define what you want your plan to be.About what range do you have to put down??