I don't believe that this is the intent that the founder of this social network had in mind when he developed the idea for this community, and certainly not (to quote) "that's what we are here for!".

We at biggerpockets are a pretty diverse group as far as background, education, geography, market focus and age, but also potically and socially.

I'm looking in several states around the nation.Our own backyard is precarious at the moment due to the declining market status it has acheived.

If you have that much content then you need to be putting them on your blog, social media sites, squidoo and hugpages.Don't just publish them all on article sites.

Make sure you've got their Social Security number, and a clause in your lease that mentions "liquidated damages", which is legalese for, "we both agree that the refrigerator is worth $3,000, etc".

. ($350)One is on social security and is disabled – other pays rent cashiers check ($275)Unit mix 2 x 2 bd/ 1 bth Here are the numbers:Price $26,000 (they will only accept cash) I can come up with about 10k in cash but would have to take a personal loan to cover the restGross Rent: $7,500 (100% occupancy consistently)Expenses –A) $1975 (owners claims with property mgt included)OR –B) $3000 (if I assume a 40% of rents =expenses) NOI:$5,525 (if use A expenses)OR$4.500 (if use B expenses)Even if I was to 100% LTV at a $26K price at approx 7.5% Annual Debt Service would be: $2340So Annual positive Cash Flow would be: $3185 (if expenses A – owner claims) (or $265 a month)OR $2160 (if expenses B – using 40% of gross rents) (or $180 a month)Repairs known (before property inspection) needs new exterior and interior paint (additional $1,500), Roof is approximately 10 years old The money seems small but consistentDuplex Located in Buffalo, New York There have been a lot of foreclosures in that area – some I can tell were investorsOn the plus side, these tenants don’t seem like they are going any where soon.

One other wrinkle for those in other parts of the world is that we can't move short sale listings to Pending status until third party approval is granted.

Thanks PNW, Mr Castillo.I guess I was trying to make the idea too general :oops: .More specifically, when I search the Wayne County Tax website using property ID numbers gained from Zillow, I sometimes come across properties whose status is "forfeited", and others whose status is "delinquent".

Originally posted by "jobus":Bulk REO's are loans investors are trying to purchase. ...No they are not,An REO is a loan that went to a non performance type status and then was offered for sale and did not fetch a required or minimal amount.

To expedite the arrival of your status quo, 15 - 20 properties, you should seriously explore the power of leveraging your money.