REO lenders don't pay REAs enough to handle the inventory they get.I used to originate loans for REO agents' homebuyer/customers.

And the kicker is that I'm not even using my degrees.I'm a SAHM, but I'm also a biz owner... first an incorporated biz related to the job I had before I had kids and now I'm a high-end custom baby/children's photographer.

Also, and more importantly, there are other strategies to locate delinquent properties in GA that are rarely utilized (just a point of reference).

I quite often link to a personal profile / blog type site, and then use that to drive customers.

I want to make sure this is well documented that it truly was abandoned because I don't want the risk of her deciding to turn around and sue me...but how do i prove that when the utilities are on and furnitures still there?

Taxes, Insurance and who pays utilities could make this a loser real fast.

(was listed Apr 19 @ 190k, they have been slowly dropping it)Arv: 225 x .7 = 158k158k-25/30k repairs-5,700 carrying costs (6mo. carry)-300 utilities-1500 taxes-1500 ins.-13,000 realtor selling fees-5,000 purchase closing costs (estimate)This gives a max purchase price 105k???

This is what it looks like.6plex Sales Price $325,000 Loan Amount $260,000 Interest Rate 7.125%Term in Years 30Loan to Value 80.00%P & I $1,751.67(This loan is through an Alaska housing program for which both this property and I qualify for.)Total Rental Income $57,600 Less Vacancy 10.00% -$5,760Adjusted Gross Income $51,840EXPENSESTaxes $4,584 Insurance $2,580 Utilities including Refuse/Cable $9,661 Management $4,725 Maintenance & Repairs $1,000 Replacement Reserves $1,800 Miscellaneous $1,000 Total Expenses $25,350 Net Operating Income $26,490 Total P & I $21,020 Net Cash Flow $5,470 = $455 per monthI know that the cash flow doesn't look that great with the property management cost but it is required to be factored in for this program.

(((I don't accept such things....it's time to break custom......at least offer it to the client, give them a chance to say what they will do....in this neck of the country someone will.....and as far as legality tell me the legal way to do what i want don't tell me it is illegal))))) I look for solutions and am very optomistic....I don't accept failure it isn't an option.Anyone can make money in real estate......ANYONE new investors or old salts.........You know that all of life is unforgiving.I learned from the school of hard knocks.Mistakes, hmmm I've made a few ....is an understatement.JUST DO IT ..............is how we get over those fears.If you don't take the first step then you can never finish the journey because you will never start.L....abor Luck is never had by those who do nothing.U....nderC....orrectK....owlegeWhen I say JUST DO IT...........I truely mean thatIt must be followed up with NEVER GIVE UP NEVER SURRENDER....This business eats up long time investors too.70 percent of the millionaires in this country come from real estate investing.Your in the game like it or notat the age of 65 only 3 percent of the population will be financially independent.Your in the game like it or not ....will you be the 3% or the 97% that is dead broke or still working?

Same thing with some utility companies.The State can put a lien against the property for their taxes owed.