My question is because a HML has all the resources to protect the private money source, ie; they have lawyer connections for foreclosure, a network for evaluating property, a servicing company ect... if a private money source wants to be able to use all the HML sources can the PM Investor/ TD investor choose to have the HML originate the loan as a JV?

hey everyone. I just got property owner to quit claim me a property that he just wanted out of. The house is very nice, worth about 23k right now, 60 arv. he deeded it to me for $350.00.

The property is $700...

There's a house in foreclosure with a great lot in a perfect location for us.

Lots of foreclosures still.

-To move on to bigger and better things-To retire and move to Florida-1031 exchange-Family situation changed and cannot do it anymore-Need cash and not cashflow for some reasonThere's all kinds of good reasons, I would be a lot more skeptical of a foreclosure.

Well, apparently lots of investors can, as evidenced by the 5+ offer situations I found myself in rather frequently.After touring foreclosures for quite some time, I came across an estate sale.

If you aren't diving into real estate investing full time, it is also a good way to ease in, work with other investor and gain experience through them. the down side is: it's sales and commission work, no effort = no $$$. it's a lot of busy work (I work with foreclosure and short sales, and investors). it will distract from your own investing objective.

We have been waiting for a approval letter on the short sale for 2 weeks now and the foreclosure sale is on the 14th.

I happened to pull the property up on Zillow and it says it's in pre foreclosure status.I'm wondering if I should go the short sale route from here...

On thursday I attended the foreclosure sale down at the courthouse where properties are being auctioned off for cash, some properties you have 24hrs to send the funds in to close, other you have to pay on the spot.