Does anybody use Chase Bank's QuickPay, or similar at Wells Fargo (I read about it in the Forums). 

The deals look great on paper, but the headaches and chasing rents down will not be worth it.  

I am not keen on property management companies.The recent weakness in equities has me interested in owning more dividend stocks, and more financial type investments as opposed to more RE.Never put all your eggs in one basket.I'm retired, have more than I need, and see no need to chase the carrot.

This is an absentee owner that has been renting the house for a couple of years now and is tired of chasing the tenants for rent.

If you want 5 on the assignment, collect 5K for the deposit and 5K for the right to purchase.Now, you could arrange for the amounts to be returned between the settlement agent and the buyer, but your funds are at risk if the buyer failed to close and walked away, you'd have to chase that buyer down.My suggestion, don't do properties requiring larger EMD unless you already know your buyers and know they have the money!  

These are the types of things I am looking for so I don't have to chase down the seller after the fact. 

When I'm not at work or chasing the kids, you can find me in or on the water.I'm a forty-something Wage Slave, and the wife and myself own multiple SFR properties out of state (Memphis TN area).  

Hi All,I'm in the process of buying an REO from Chase.  

@Josh James I guess snow removal's not really a factor for you ;)I would chase down a few of those numbers before putting any sort of LOI out to the Vendor.  

If she left a telephone number it would have also been easier to call her...Do you want to purchase the house or are you chasing the equity??