The company contacted my broker, but she referred them to me since I was trying to get into REOs.

The best relationship I ever had with an agent (bought 6 houses from her in 14 months) often referred to me, as did her broker/owner as; "low-ball Adams".As long as you can justify the offer price; "here's comps, here's my expected repair cost" she won't be insulted.

Adding to that the fact that it is closely monitored, keeping out the pie in the sky get rich quick people, greatly boosts the overall appeal.As a residential mortgage loan officer, I started out deciding I wanted to first get my broker license and also branch into commercial, eventually working into real estate investment as well.

I'm meeting with a couple of mortgage brokers next week, but a friend of mine mentioned that the mortgage companies are no longer offering 100% financing on income properties.

Have you gotten youself up and running on some of the REO Broker type websites?

I have had 2 wannabe hard money brokers waste my time and then drop the ball at the last minute.

In my state, the client is the transaction...that is, if i'm acting as a transaction broker...which i always do.Once the seller signs the offer, you have a ratified contract.

hello everyone, i must say to all thanks for your honest opinions. after taking a serious look at my post for needing a mentor i guess i have to say i agree with all of you.theres just to much of me wanting something, but not willing to give in return (i honestly didn't know my post would come across like this, honestly)but anyway i guess the real reason why i needed a mentor was because i was just to scared to do it alone, but now i'm no longer scared so the whole need a mentor before i get started thing is no longer an issue. plus i've been building my team (like: lawyer, CPA, brokers, mortgage brokers and etc) and there all sort of like specialized mentors/advisor's anyway (and we all benefit from working with each other) plus i found out you have to find joy and happiness in the unknown, another words you have to enjoy the journey not just your final destination (your end dream), this will allow you to get out there and just learn as you go in anything you do.

I was thinking of calling the broker that is listing it and asking about a viewing then getting pictures of problem areas, and try my hand at negotiating a lower price.

Talk to bankers, realtors, brokers, handymen, even other investors!