If you take 2005's M-3 compare it against the true capital, there is a multiple of 33 to 1 of "vapor paper" to real money.

They just want a paper trail to show repayment method.

I recently started advertising in via leaflet distribution and advertisement in local news papers to distress properties sale and hoping to buy few properties in London using no or minimum o four own money.

Originally posted by Dan O'connor:Honestly, when I sell a house...it's either on the MLS or the local paper (if I'm offering soft terms) so a website to sell properties just isn't a fit for me.

They are on a sheet of paper for everyone to see.

I know i'll have to go through ALOT more properties to find a deal, but the problem is finding the deals.The papers have nothing, driving for dollars hasnt been much success, and direct mail is a bit pricey.I think ill be doing some bandit signs this weekend and see how that plays out.

The area I live in has been struck hard by foreclosures and delinquent taxes.In today's paper there are 140 properties forfeited to the state for non-payment of taxes and a sale is scheduled later this month.Can anyone give me a quick step-by-step list of what YOU would do if you were going to flip one of these properties?

Unfortunately, about the only time you will know you did it wrong is when you get served with the papers from one of the regulatory agencies covering this area.

BUT after you put your initial offer on paper and we get to countering, I will go with verbals to save time.

Jay and I are holding our Paper seminar with an emphasis on leasing.