I have used them to find a place to stay .. works well both ways.. one thing to  check out though is your insurance... it may be classified as Hotel rather than Rental.. will make a difference if you need insurance to pay for something.. they might not if classified wrongly

I went out to the property this afternoon, and I would classify him as extremely motivated (aka he offered me the keys).

Both automatically pull all my purchase data, learn over time how I want things classified, and give me the reports I want without spending any time punching in numbers.

That depends on if your state you have a notice of default or a lis pendens notice that is required of the lender by state statutes for foreclosure proceedings.In my state of Georgia we don't have either.Simply a letter is mailed to the borrower from the lender and then the foreclosing attorney advertises 4 weeks in the local newspaper and it's sold the first Tuesday of every month.If your state requires notices to be filed then the courthouse is where you will get information first.There are companies that sell lists but by the time they come out days or weeks have already passed and everyone else is lazy and gets the same list.So the name of the game is to get to them before everyone else.To do that you have to be willing to put in the work.Other ways to find people in distress is by classified ads,internet presence,etc.If they are in distress and it's not in the public records you will have to get them to raise their hand for help.I have typically found those in the early stages of default to not be as motivated as 90 days or more behind.

.……………………… 156The Trick About Classified Ads………………….…………………… 156Mastering First Time Buyer's Programs………………………………. 157Using Free Market Valuations………………….……………………… 158Audio Brochures………………….………………….………………… 158Trends in Real Estate Brokerage………………….…………………… 159MLS is No Longer King………………….…………………………… 160Agent Forms and Documents………………….………………………. 161Handling Over-Priced Listings………………….…………………….. 161Dare to be Different………………….………………….…………….. 162Building Your Contact Database………………….…………………… 163Open House Parties………………….………………………………… 163The Hardest Year………………….………………….……………….. 164Brokerage/Agent Resources………………….………………………... 164Chapter 8 Real Estate Publishing Opportunities………………… 164The Publishing Business Model………………….……………………. 166Publishing Tools and Skills………………….………………………... 167Information Publishing Ideas………………….………………………. 168FSBO Books and Products………………….…………………………. 168Real Estate Newsletters………………….…………………………….. 169Newsletter Problems………………….……………………………….. 170The 21st Century Newsletter………………….……………………….. 171Newsletter Advantages………………….…………………………….. 172Real Estate Book Review Club………………….…………………….. 172State Specific Landlording Manuals………………….……………….. 173Web Publishing………………….………………….…………………. 173Speaking and Seminar Opportunities………………………………….. 174Home Buyers Monthly Guide………………….……………………… 175Publishing Resources………………….………………………………. 176Chapter 9 Opportunities in Real Estate Paper…………………… 177Mortgage Brokering………………….………………………………... 177Mortgage Brokering Business Model…………………………………. 178Mortgage Broker Fees………………….……………………………… 179Various M.B.

It is the 800 pound gorilla of the classifieds world and if your ad isn't there, then it might as well not exist.

I don't know if you've already considered this or not.Have you advertised (on all social media networks and free classified sites ) or checked your own database, offering this lending opportunity to other private money investors?

I have an off-market, I posted about it here in the classifieds - feel free to connect!

But, I don't know what the workman's comp insurance requirements are in terms of employees vs independent contractors.Btw, for more about how to ensure the IRS classifies your contractors as such, check this out:http://www.biggerpockets.com/renewsblog/2010/05/26/are-you-sure-your-independent-contractors-really-are/

If there are multiple passive investors giving you money that you're pooling to buy investments, you should be careful -- you may be violating SEC regulations, as the investment would likely be classified as a security.