They say just post ads everywhere online but I found my buyers by going to investor clubs, events, and seminars.I have some weird people replying to my ads saying that will give me million of dollars to buy my 60k house.

Mitch,No need for a special account just to send in payments.Just send in a check with the payment coupon, or pay online if the lender has a website for doing so.As long as the lender is getting the payments, on time, they won't care who wrote the check out and from where.HTH,Jim

google your county's name for the Property Appraisers office.Most counties now have these records online.

I did do a register of deed search on line and found the original mortgage, two others from the same bank, one from another bank plus a mechanic lien all against the same property.

If you do not want to join an agency for credit/background, and pay their fees, there are a few do it yourself ways to get some information--You can require the applicant provide you with their free credit report which they can obtain online--(you would have to know how to read and assess it), also you can go online for public records checks to see about evictions, and criminal public records. and thirdly, the landlord name & reference they provide to you, you can go to your county tax records online, put in the address or parcel # to see if the name on the property address really is the landlord, or just a friend that they have asked to pretend to be the landlord --that happens alot.

Hey Dan,The system that I use is an online service.

if you go on line and review the foreclosures pending in S.C. many of them are Home Owners Associations.

This could be cash; a line of credit; or a credit card, etc.

He still would like to purchase one or two houses on our own per year.How it works with the investor is:For example the investor gives $300kWe get 7 rentals x $500 per month $42k per year ($500 is low and this is for 12 months and we know if having 7 properties all occupied for 7 months is VERY unlikely.He gets 12% of the $300k ($36,000k per year) and we split the difference.After 4-5 years - we put all the properties on the market...and say we sell everything for $500k - he would get the $300k he put in and we would split the net 50/50What do you guys think.This is not a person I found online or through the phone...

Anyone have any experiance with this company or Michael Kimble, Saw his info online. " the rei marketing guy"?