If you are in a major city or town, that information is probably right there.

I have also registered in most of the major REO websites but it seems that they're either too busy or just have too many agents working for them.

A vast majority of my investments are there.

But with the car I'm picking up ,'71 Chevelle, that will put a major dent in what I do have.

Knowing that you have not purchase anything major as this before.

If I was me in your shoes...I would certainly be interested in this project as well, however, barring a major problem at inspection, I would think about the fact that the owner possibly claims low expenses due to deferred maintenance.

He better be a rich man (having taken money from many people) to return all funds and serve a prison sentence.Having said that, you carry a major responsibility in investing in a private company without securities (at that time).

The town probably has a population of 5k-7k and it's in rural PA but close enough to a 20k population town that suspect is where most of the residents work at.I feel like the media is trying to help kick start people into thinking the housing market is at it's bottom to get people buying again but the stats I get from my local Realtor on absorbtion rates, DOM, and prices says it's not near over yet.We also haven't seen the mass majority of the option arms begin to reset yet, that's another 2 years away until that wave gets here.

The truth is that the vast majority of newbies that "Just Do It" fail in a relatively short period of time.

The major difference between flipping and rentals is this:Flipping will make you rich if done correctly, rentals will make you wealthy if done correctly.