Monthly Payments: 550 (which includes a car payment and the min payments on credit cards)However, all the credit cards are pretty much maxed out.

While you are in the neighborhood you are also distributing business cards to people you talk with, leaving fliers on doors, and leaving signs placed in visible but non-invasive locations.

I read different REI forums faithfully everyday.I've gon down to the court house and got the pre-forclosure list looking for deals but i've been told that area is over worked.I've gone to only 1 REI meeting so far due to child care issues but i'm gonna find a way to get to them every week beacuse i know networking is essential in this biz and it's all about relationships.I've gone to an open house with one of the nice helpful people i called.I've met with a guy from home vestors to ask questions.I've tried to find a mentor for free(money is tight) to kinda guide me me on one like once a week, but no luck there either.Now i know that i need to get business cards made up, have signs around town, and attend the REI meetings, but it seems like i'm kinda going in circles and i'm trying not to become discouraged.

I am not someone who just wants to make a quick buck, I understand the work that is required for such investment plans and I also have done my homework and essentially know everything that needs to be done in the process of buying a home in foreclosure.All I need to know now is how likely will it be that a lender allows me to assume a loan as a 19 year old college student that has "normal" credit (I just have one credit card, on which I've always made timely payments), and if that is impossible, if there is any way that I can have my dad assume the loan while I do all the "work" to buy the property and re-sell it.

IndyMac Bank's assets were seized by federal regulators on Friday after the mortgage lender succumbed to the pressures of tighter credit, tumbling home prices and rising foreclosures.The bank is the largest regulated thrift to fail and the second largest financial institution to close in U.S. history, regulators said.Yahoo FinanceIn the biggest bank failure of the housing downturn to date, federal banking regulators today closed IndyMac Bank FSB, naming the Federal Deposit Insurance Corp. as conservator.The FDIC said it will transfer insured deposits and "substantially all the assets" of IndyMac Bank, to a newly created successor, IndyMac Federal Bank, which will be operated by the FDIC.Insured depositors and borrowers will automatically become customers of IndyMac Federal, FSB and will continue to have uninterrupted customer service and access to their funds by ATM, debit cards and writing checks.

I've got to assume this info is out there somewhere.It might be a great way to follow a major company into a market when looking to buy rentals.I ask this because when I used to work for Fidelity I knew a big move to Texas was in the cards about 1.5 years before the move.

I heard suggestions like putting notes in your Christmas cards that you had started real estate investing... the occasional post on Facebook... dropping hints that you are an active (though you aren't yet) real estate investor... gets them thinking about real estate when they see your success... gets them to start asking themselves questions about how they too could be successful...

No need to spend money on books if you get a library card!

What does that work out to be per post card total?

Bought my first flip by cash-advancing a stack of credit cards (that I somehow managed to qualify for by returning "pre-approved" offers that came in the mail) using the money for $1,500 walking money for the seller plus fix-up costs, taking the property subject-to.