Also, pick up Master Key To Riches by Napolean Hill, this is by far my most favorite book.

The key is to have real cash buyers in place, ready to pull the trigger.

The key is to make them look great for litte money.

So we do not deliver the actual check until the offers is accepted.I think the bigger problem with the strategy you mentioned is you will have a hard time changing the name on the purchase contract once they accept your offer.

This is they key to the actual true cash flow Mike is pointing out, and a 6 cap, will most likely not get you there.

Our model sells cash flow turn-key homes to investors with a little to no money down program.

I can't wait to sign the papers, get the keys in my hand and go over and wash/paint the walls, do the minor repairs like add a railing to the basement, etc., If anyone else going through the process of buying a foreclosed home, hang in there.

I suppose I would be conserned if I had a vacant property that I couldn't check on often.http://www.foxnews.com/wires/2008Dec01/0,4670,ForeclosureSquatting,00.htmlMiami activist moves people into foreclosed housesMonday, December 01, 2008By TAMARA LUSH, Associated Press WriterMIAMI — Max Rameau delivers his sales pitch like a pro.

This is the key point.

If they went with a lower rate you'd pay more discount points; if they went with a higher rate (which is probably not availabl) then you'd you get less points.The big issue is if the Wells rep realizes that there is no seasoning for this and can they really deliver a cash out loan.