Just that I would like to see changes to make my world better.Best to collect lots of feedback and then sort through what is important.

Perfect for an investor who wants to do nothing but collect checks."

Any such program would be administered at the local level as the people collecting are local.

Do most property managers charge a percentage of total gross potential rent, or total collected rent?

Whether that's a counter-cyclical play or just a return to sanity in the real estate market, I'll leave to you.MikeAs you know it is all about the numbers.If you study the data you can see the cycles for rents vs. house prices.

If you make your money finding great deals let someone else chase down the data so you are not distracted.John Corey

Interesting.So far, every file I looked at here in WPB, was 3 months like klokwork, and perhaps not surprisingly, about 5 or 6 law firms doing almost all the cases, and of those, 3 or 4 doing most of that work.What I did was to build a data entry interface so that all the data I collected from the files could be stored in a MySQL database.

You're going to collect $2400 to 2800/month.

thank you both for your wise words, well anyway i guess i'm just so anxious to do my first deal. especially a deal like this were the homeowner is in distress and states to you how much equity is in the property (i know i'm a beginner, but i don't see how he'll benefit by lieing to me about the amount of equity in the property, because he already stated he doesn't want to sell the property, and i already stated to him i'm gonna view the property/mortgage paperwork)well anyway i must say i agree with you both, from first look it seems the best way to do this deal (thats if all the number are right) will be to purchase the house for the amount left on the mortgage, and give them moving cash and etc (this way i'll have alot of instant equity within the property, which i could either wholesale to another investor or put it on the market at a small discount and sell it retail because of the properties perfect condition, then i could even try a short sale to build up more equity to make the two above tactics more profitable for me)now the only tactic i can think of that would work, were they will get to stay in there house and will be profitable/beneficial to me as well is to then purchase the property real cheap (whats owed on it) and offer to lease option it back to them at a higher interest rate and at a higher property price, but i think this tactic will be risky with this individual because of his credit and the nature of work he's in (construction were some parts of the year your without work and tring to collect unemployment) so this is what i plan on doing, i first plan on putting together a list of questions i must get answers to at the tuesdays meeting i plan on having with them, then i plan on explaining the whole foreclosure process to them and the uphill battle they face (which i hope will change their position about not wanting to sell their house under any cumstances), then i plan on making a smooth exit and letting them know i'll be back in contact with them to let them know what i think their best solution is to solve their problem (this tactice is to buy time, so i can really cruch the numbers and speak with others to really figure out the best win-win for everyone, thats if their is a deal their)if anyone has any other suggestions please let me know

I'm looking for Property data sites that have REO, NOD, and NOT information.I have just joined and have been trying to read from a few of the sub-forums I am experienced and need assistance with in the past couple days.I definitely will be joining in!