Acquiring real estate this way is a numbers game, but if you can get thousands (or even tens of thousands) of marketing pieces to potentially motivated sellers, you'll get some great leads that turn into big bucks;2.

The bulk of my money and time is spent trying to find motivated sellers.

I told him, "I will do whatever it takes Sir". he hired me on the spot and told that sline/story to countless people, as he was so impressed by this young kids determination and willingness to get a job.Take this story as motivation to do what it takes to get to this event.

A 30 year is not a viable option, for at least three reasons. 1) the interest is significantly higher on an investment, 2) the current loan has 23 years remaining (I don't want to go backwards), and 3) the fees also go up for anything over 20 years under the HARP program.

I am in the process of meeting my very motivated seller this week and I would like to know if I will need a letter of authorization in this potential deal, which contracts to use if my buyer will be taking over the exsiting payments, and how should I price my assignment fee.

Get a low enough offer accepted by a seller that after expenses and debt servicing some cash remains and then close with said seller.

not just general motivational info..

We just get mad when they don't squander it in OUR DIRECTION.Milton Friedman the famous economist once said - and I paraphrase-"If the US Govt. took over the Sahara Desert, in 6 months there would be a shortage of SAND"I remain forever a fan of Real Estate,Rob ElyREauthor

I would spend more time looking for a motivated seller with equity, now thats the hard part!

Based on the IRS five year number, I took the original cost of the installed carpet, looked at the remaining life I should have gotten (IIRC it was about 30 months out of the 60), and the percentage of the total in those two rooms.