Basically you buy a MH for about $5K or less, put a little bit into fixing and resell it on "$1000/ down, XX/month payments.

local library - Foreclosures for Dummies (absolutely no pun in tended) - it's just a basic starter guide to foreclosures.that's a very competetive area.word to the wise - when dealing with foreclosures or REO's - you need money to put down and there's no real screwing around - you need up front financing (highly recommended).

Learn the basics and don't be afraid to pull the trigger when you run across a good deal.

I think the "best" place is always going to be real life experiences, but I would recommend reading some basic negotiating books.

If you don't have a buyers agreement signed with them it makes it even more difficult for them to be on your side because they are basically a representative of the seller.

I'm basically just looking for opinions and doing the best to read each and every important thread you successful guys out there have to offer.

His answer reflects Andrews -- you can do it but, basically the real money you'll "save" is only a couple hundred dollars, money that would be offset right now by the increased tax preparation costs.

So my question is basically which is better?

Basically, the right Seller couldn't care any less.

Usually that information is passed on to the novice investor and it basically goes in one ear and out the other.