New foreclosure laws do not favor the seller.Dangers if you have to take the property back.They damage the property.They think that since they own the home they can redecorate and rearrange to their hearts content.

It is against the law to pay commission to someone without a liscence Why don't you ask your parents to give you a bonus if you find a sucessful buyer for the property?

My sister-in-law uses craigslist consistantly for furniture, roomates, etc.

Since I've learned to use collection agency/furnisher of information violations of FDCPA/FCRA law as leverage to get my credit report cleaned up, I've learned to feel comfortable using the law in general to my advantage.Your post clears up why I want to learn more about wholesaling properties.Thanks.

In Oh that is violation of state law and you could be fined or go to jail.

Always make sure to consult with a competent attorney before doing some of these creative investment startegies.In Texas, laws around lease options and contract for deeds (land contracts) have changed drastically in the last couple years.

Ive been looking at the illinois laws and they seem to say if i understand them once its sold at the sheriffs sale I own it with a clean title or deed.

Also, I don't know what the laws are in your state but, in Texas licensed agents are allowed to conduct what is know as NET SALES.

With that info you can ask for references, check public records, and make a more informed decision.I would feel more comfortable if they were experienced in the following areas:Local/state laws and ordinancesBudget managementFinancial analysis/projectionsEvictions/CollectionsLeasing proceduresProperty maintenanceMarketing/Advertising for new tenantsTaking it a step further, you can even request pictures, brochures, etc.of any properties they are currently managing.

In Ohio with the forclosure laws one person that I talked to had a lawyer tell him just to put his money back and live in the house for free for at least the next 8 months.