I am from Long Island and within the next year I plan on really getting involved with Real Estate.

I do realize 15% is not sustainable unless inflation goes mad, but it's always good to have the opinion of more experience investors.I also realize how difficult this question is to answer, with all the variables involved.

We only get involved with a serious infestation.

It allows me to compete against higher offers that involve financing because I can close quickly.

One closing takes place with Buyer B purchasing with Buyer C's money.The reason that title companies won't insure such a transaction is that they know there isn't full disclosure to the short selling lender (Seller A) OR the end buyer (Buyer C) and they don't want to be involved with that.

Well at the moment i believe i want to start out with a strategy that doesn't involve a lot of money because that is something i am lacking.

Insurance companies may be involved, and may pay a settlement to the lender for the damages, once the two of them agree on an amount.If this was a desirable area with sales going on, I would say the house would end up selling for something near its retail price in good condition, less the cost of the repairs.

I listened to a webinar he did last night through foreclosure.comLike others have said, it was pretty much a sales pitch for his marketing system.The system seemed pretty involved with direct mail campaigns.Has anyone purchased his system?

At this time I'm becoming more involved in teaching people.

A preforeclosure sale [short sale] involves the sale of the property by the borrower to a third party for less than the amount owed to satisfy the delinquent mortgage, as agreed to by the lender, investor, and mortgage insurer.