So, I called that bank today and it seems they will sell me the note for cheap – a few thousand (I don’t think they want to own another REO property) What I am hoping to achieve is to have an interest in the property so that I can redeem it myself for the $35,001 plus interest and redemption fee.I realize no one is offering legal advice, and I am awaiting a call back from a property attorney.

Check with the local colleges and see if they have a video/media program and see if they will work with you on internship or cheap basis...be they will.

I love converted Victorians, but they need to be either done properly or be priced very, very cheap so we can undertake the needed improvements.

Even on a really cheap house you're probably looking at $100 of that for taxes and insurance.

I did have one that would sell me their life estate interest as long as I got the remainder interest cheap which was a sister she hated.

I got a cheap HP printer and it does the trick.

;) Amit, your insurance should not be set with respect to your net worth, that's irrelevant, unless your net worth exceeds the risks assessed, it needs to be established as to the risks and issues mentioned above.As mentioned an insurance company can pay and walk away, if your loss is greater than that you're dipping into you money.Consider too, death cases are based on the loss of income of the injured party, professionals will have a greater value assessed, which means more insurance coverage would be justified.If your net worth is in 8 figures, you're probably fine, otherwise you may want to review your coverage, liability coverage is cheap. :)

I am guessing most of you have heard of the recent interview with Amazon CEO Jeff Bezos about the delivery drones they are developing to be able to deliver within 30 minutes or your order with drone like "octocopters".For more information, CLICK HEREWell, what about real estate drones?

Use it to make sure that when you make an offer on a property, your offer is low enough to allow for a markup for yourself (your wholesale fee) while keeping the deal cheap enough for an investor to buy.The profit for the wholesaler is dependent solely on your negotiation skills, how low a purchase price you can negotiate with your seller and how high a sale price you can negotiate with your end buyer.

I would probably pay off what loans I had and maybe pay cash for a couple more to generate some more income if you have the time or money to fix it up for cheap.