What is your game plan?

An investor that has skin in the game will be less likely to just walk away when things get tough.If your deal is good enough and you have something to offer, you might be able to get 100% financing.

I'm learning like most of you the real estate investing game.

Barring that having someone who will (do good) work cheap, on the things that are withing their skill level can accomplish the same thing.Even though I lived through the high inflation of the 60s, 70s and 80s I knew that CASH IS KING and paying interest in a sucker's game.

I am fairly new to this business, I've established good connections with the major bank in the area and trying to approach the pre foreclosures owners offering them to save their credit and list with me.

They are established, been around for years.

You'll be way ahead of the game if you get started now.

Once you've established a personal relationship with a local banker, they are much more likely to work with you and "throw you a bone".

I have also owned many businesses:johnmichael: Laundry Mats, Retail Stores, Flea Markets, Convince Stores, Arcades, Rack Merchandising, Mystery ,Mystery shopping Company, Auction Centers, Answering Services, Vending, And the list goes on.johnmichael: Now enough pumping sunshine up my own skirt LOLjohnmichael: Do understand we will be going over the basics and then step by step jump into the more advanced and creative strategies of locating Real Estatejohnmichael: I do want to cover basic investing strategy for new investors; johnmichael: STEP 1 - Buy a piece of real estate under the most favorable terms and conditions possible with as much leverage (OPM--other people's money) as you can.johnmichael: The art of this game is finding moneyjohnmichael: Money is everywhere folksjohnmichael: How many Dr's in your townsDan_Auito: We are gaining strength in that dept as more and more lenders are finding our home herejohnmichael: The are of OPM is just asking for it!

only took about 5 minutes in the game to realize the no down people were full of bs, and this was gonna take alot of $ out of pocket. thanks