From that you have to pay the note (just the P&I part, not taxes and insurance) and collect your cash flow.2) IRS Form E would be a good starting point.3) You just have to find a good deal.

Armando Montelongo is the star of A&E's Flip This House.Statistics 3-year growth:8161%2010 Revenue:$47.1 million2007 Revenue:$570,338Employees:125Employee growth:121Founded:2006Industry:?

Build Buyers ListA) E-mail landlords at GoSection8.com B) Post “Homes for 50-70% ARV†on Craigslist.orgC) Call “We Buy Houses†signsD) Call realtors and ask if they have any cash buyers.

I got a list a mile long of absent owners I havent been able to locate, been to town hall, talked to neighbors, no phone number, mail comes back to me.

Prime areas would be N, NE, and some E.. nothing below 22nd..

I dont know of ONE wholesaler in Tucson except the guy cant think of his name from ug buys ugly houses. 233 E Los Reales RdTucson, AZ 85706theres your first lead.. got passed on to me from a friend.. guess it needs like $50,000 in work but they want out of it.

I did not mention in my opening e-mail about the financing.

Most low-income (section 8) renters don't give a damn about their credit.Unfortunately, I don't have an all encompassing solution to help rid them of this burden, but I have a couple of suggestions:1) List a property at a reasonable price.

for a conforming loan they will apply 75% of the income from the property toward the payment, after 2 years of having the property on your schedule E, they will go by the actual cash flow from the property.I do a hard money loan, then after a tenant has moved in, refinance to a confirming loan, using 75% of the lease amount toward the PITI of that property,,,,I'm sure there is a way, with that much cash, that you can do it without the expense of a hard money loan,,talk to a mortgage broker that deals primarily with investors and they will find a way to make it work,,,andy

Can I just have him do a quitclaim to me and claim the whole thing on my Schedule E?