(Each state has it's own laws)I made my first million buying pre-foreclosures on the west coast.

If a check is made payable to a company, the bank upon which it was drawn will not cash it - you can deposit it but it won't be cashed.

What made you interested in investing in this type of deal?

I made an offer on one earlier today!

Are they in areas that, if they made upgrades to the home that they could get more rent?

I'd encourage you to reconsider.Having said that, if I were in your shoes and made up my mind to exit the property, here are the ways I would tackle it in order of preference:1.

Purchase price: $420,000 Cash invested: $50,000 “Second home” investment What made you interested in investing in this type of deal?

What made you interested in investing in this type of deal?

Long story long, call me a ‘one percenter’ because I made it through interview #1 and was accepted into the program by the director—pretty cool, or so I thought.Immediately upon receiving an ‘offer’ to join, I was emailed a “Real Estate Profit Sharing Agreement’ to review and sign on the spot.

I’ve heard a lot of great things, so I made the jump.