They indicate a 10 year hold approach which is good.

Do a cost approach analysis to determine your margin.

I have read alot of investment books (Which brought me to the idea of REI) that point out that you can get 100% loan.

We have several credit cards which could be used for some rehab funding, but that would only be ideal with a flip so we could pay them off with the profits quickly- not a rental situation.If we were to get a home for $140K, what would be your approach.

It's a shotgun approach.

This is also an approach that I use to locate deals.

I also want to thank anyone and everything that has brought this world to me..as a HS drop out, no college education, and with a past criminal record (Stupidity), I have to say that I am proud of what I do now and that IF I CAN DO IT, ANYONE CAN!!!

End of story.If you want a broker to do it for you, and they bringa buyer to the table and close...6% to them.3% for the seller (you) and 3% for the buyer.If the buyer was brought to them by a buyer's agent,then of course that 3% will go to THAT broker.If you are on the road to financial prosperity, know thatjealousy is a real killer of success.

Eventually the deals start being brought to you, but it's not for a while that it begins.

The owner approached me on my advise on what to do.