The seller can call the bank and give you authorization to negotiate your offer once it is submitted without giving you authorization to look at all their financial info that they have to submit in a short sale package.

Anyone with earned income (or an existing IRA) can open a self-directed IRA (SDI) and invest in real estate, loans secured by RE, business ventures, and many other vehicles.

Then, the investor gets back the money plus 40%.I see no security for this this loan at all.

Section 203(k) insured loans save borrowers time and money, and also protect lenders by allowing them to have the loan insured even before the condition and value of the property may offer adequate security.

Am looking for one package to get started.

Especially, if you have a package with all the project details (aerials, layouts, zoning, permits, etc.) you can fax them.AND PLEASE MAKE SURE YOU HAVE THE LAND UNDER CONTRACT OR YOU OWN IT BEFORE YOU TELL THEM ABOUT THE PROPERTY.Many builders will jump your deal if they get the chance.

I've started considering buying REO packages, small ones at least, but have no experience.

I would raise their rent some each year regardless but would always go back and run the numbers (inflation, mortgage note, water bill, taxes, security light, maintenance, etc.) and make sure the numbers work to positive cash flow.the last thing you want to do is to not raise the rent for 3 years and then get a bump up on your water bill or taxes and then have to raise the rent all in one shot.easier to do it gradually over the years keeping pace with inflation and expenses.Brad McLeod

It's easy to read and they have live help on the phone.Their criminal background check is worth the money and they've dug up things that the applicant swore had been expunged.You have to go thrrough a security background check and an office inspection; nothing hard about it.Credit reports come up instantly on-line.

You can write 60 days, or 6 months if you want.To wholesale you do not need to secure a loan incase you cant find a buyer.