Now that I have been in business for 8 months, Wells Fargo has offered me a 100k card, but I am politely bowing out away from that one.Good luck!

He missed two large cracks in the basement, a severely bowed piece of wood above the window in the same bathroom that needs to be reinforced (probably another 2k), the washer wasn't working, etc. etc.

That is the reason many people do not make it.They say stuff like ".. but there is so much competition".The notion here is that they are the mean big bad wolves out there you the little guy has to bow down to.Ohh no.. not me.

See the calculators are giving me my CAGR compound annual growth rate.

I bow to the superior wisdom of the hard money lenders on here.

It costs you $400 to start, then it also costs you an additional $400/month from what ever source you are getting that $400 from to pay that loss.Then, if you are losing the opportunity cost from those losses, which is a compounded loss in itself.

Drill, 12" compound miter saw and a BFH.If a tool box were considered a tool it would be my number one.

Just kiddin'.Anyone going through foreclosure has several things going on: 1) They are under a lot of stress, 2) Everybody is mailing to them and knocking on their door, 3) They are embarrassed, 4) They feel helpless, 5) They have the belief that winning the lotto will bail them out at the last minute, 6) It's the bank's fault, 7) This can't be happening to them, 8) They don't want to sell, 9) The house (even though it has a leaky roof and hasn't been kept up) is worth more than market price, 10) Believe you are there to take advantage of them, 11) Believe the government should do more to protect them, 12) Believe that their payments reduce the principal directly proportionate to their payment (Have no concept of compound interest, what Einstein called "the 8th wonder of the world"). 13) They can file a Chapt 13 bankruptcy at the last minute and keep the house if they have income, 14) They will wait until the day before the sale and call you if none of the other solutions work.Your opening comment should be " I buy houses in the area and I was wondering if you or someone you know might be interested in selling".

He skim coated them all with joint compound and it came out great.

I'm still a small time investor as I've never made much, but time and compounding does help us little guys to move up.