You need to report them to the National Association of Credit Services Organizations.

Now I'm using it to keep track of my employer's list of REO and all the data associated with each property.If you decide to sign up for a trial account with Salesforce, make sure you go to the "Appexchange" (their directory of add-on applications) and install the REO HQ app into your Salesforce account because it was built specifically for REO related stuff.

I would buy as many SFH's or Multi Units as possible with the 200K put tenants in them, head to your local bank which does portfolio loans and get LOC on them and repeat the process one more time.This way you can utilize the power of leverage and get some decent portfolio of rental properties.

(Realtor Associate)Land Rescue League LLC, Managing-Director (Property Liquidators)As Trustee for: The Renaissance Trust DAT 8/25/01

I might call up a few realtors and appraisers and ask to pick their mind about how they appraise real estate.After I've been through the paces a few times, I'm going to bumrush every real estate investor meeting and association within a 50 mile radius!

Thanks for the heads up.

.$500 per month rent$1100.00 option consideration paid as follows: $100 now with contract, and the balance to be paid within 30 days subject to my "associates" (tenant/buyer) agreeing to the purchase.3 year lease term with possibility to extend one year after that.$0 rent credit.Here is my CYA and 3 exit strategies.1.

However, if the payee chooses to not honor the "sale" and keeps the $$$, the payor will have to sue the payee for breach of contract: prove a contract existed and everything else associated with a contract case; and, then if judgment is awarded, working to collect the judgment, etc....

I started viewing properties over the past week and hope to have something closed by the end of the year.Too many things still kicking around in my head (the curse of ADHD) so we will see how things progress.

The condo association can give you the current ratio's.