Originally posted by "bimicky":we have an attorney....i feel really uncomfortable with thus deal...That's an excellent reason to have an attorney.The escrow account is the holding bucket at the title company for all the money.

If I see an excellent deal come on line, I get in to see it right away, but this requires a very good agent who is willing to drop what they are doing and meet with you.

I understand I can't be a one man show and want to recruit knowledgable sales agents or investors to make an excellent team.PM me to discuss this further if you would like.

An REO is Bank Owned asset and is no longer a type of paper product,Non performing, scratch and dent and performing loans are sellable but are quite different from an REO type of saleLoans have a much greater due diligence effort as each hard copy of a loan is detailed with section 32, TILA, Note Riders etc...

On the other hand, it is relatively easy to build a successful rental property business with $45K and excellent credit.Good Luck,Mike

Excellent exchange, the range of experience/perspective of the dialogue couldn't be better, thank you all and keep it coming!!!

Curious, how do you find is the most productive way to find good wholesale properties (leads) which have enough equity to allow for you to do your program of getting rehab estimates then whoelsale?

And as a professional photographer, I have to say your profile photo is excellent :D

Show up for the networking session, as those seem to be some of the most productive times at many clubs.

If you do not know what that is, basiclly you advertise products from other people and if someone buys the product you get a percentage or a set amount.