Once you contact the owner and determine if there is a deal there you need to get their authorization to talk to the bank.

With G-d's help, in four short months the bankers and managers at my bank know me by first name, I have assembled two separate rehab teams that will follow me to the end, the Housing Authority officials think Im God (funny story, for a different time), I've had lunch with the founder of the largest tax lien buying company in Chicago, I have four big players as mentors and friends and I have true satisfaction in every waking hour of my day.

An agent I buy from is close to a big REO agent, he tipped me off to a property that had a failed contract AND an authorized pricecreduction from the bank.

There are small additional fees if you want a web site.

In fact, that would be considered a logical fallacy, often referred to as "Appeal to Authority."

(so, that would be around $35,000 for each property for a total of around $150,000)Then, I use the cash flow from the free and clear properties (and the excess cash flow from the other 4 properties) to pay down the debt of the other 4 properties.

Take care, Stuartstuart888 is absolutely right -- and if you do want to read up on this, go to our web site (realdata.com), click on the "Learn" tab and then click "read all of our real estate articles" Near the bottom of the list you'll find "Understanding Net Operating Income" and "How to Estimate Resale Value - Using "Cap" Rates."

The author claims to have used this strategy many years to acquire a ton of properties, but I am skeptical.

As I grow I will probably integrate desktop programs (like MS Office, or OpenOffice, or Applix), to use MySQL as a backend, but this is only to make it easier for employees, or helpers.For data entry, and retrieval, usually a web interface to the database works fine, and likewise a shell program, or curses-style interface.For printing flyers, and addressing direct mail pieces, I use PostScript, and shell scripts I write to create the output.I am in South Florida, and I can say that this state makes a lot of public record info available in electronic format at the state, county, and municipal level, usually free, and available on the net.My website is simple, but seems to be working.

Many sales including my own has no sales price listed on our county auditor web site.