As for me, I was fortunate enough to buy a condo (to live in) well under market value when I moved to Atlanta a little over two years ago and after about $6,000 in improvements, I've already seen quite a return on my investment.If I end up staying in Atlanta, I'm planning to sell or refi the condo I'm currently living in to purchase additional real estate and become an active investor.

Once the Trustee sale goes, if it doesn't sell, then the bank owns it.I'm sure if this isn't quite accurate, others will correct.

Until recently, my income wasn't quite as good, we've concentrated on paying off our credit card debt, and we spent quite a bit of money on improving our home.

I purchased the property directly from my club for $1800, and received the quit-claim note from the county office in less than two weeks.

So let me explain how to become a millionaire....It's quite simple really.

If it goes past 8 days, I send them a "pay or quit" notice to let them know I'm serious.

Can you explain to all on the forum how a broker or loan officer makes money with this program.To be fair, I'll await the answer to this question.As for someone's comment on a website looking professional - this is 2007 - 6 year olds can program websites (many of older folks aren't as talented as they are) - it is not hard to build a reputable looking site, so don't judge a site on how "reputable" it looks.This has actually been quite a fun thread to read.

We did a good deal of homework, but not quite as much as needed.

Later, before finishing payment on the mortgage, transfered his interest in the property via quit claim deed to Joe Blow.

I know someone who did quite well as a new investor just making deals with investors who would negotiate with him.