How does it work when investors want to view the property or bring along a contractor to do estimates?

It could be that each lawyer only brings 1 deal in 18 months but the deal is highly profitable to your business.

A rental property, on the other hand, can end up losing you several hundred dollars each and every month, and then require you to bring cash to the closing table to get rid of it.I'm one of those folks who would never invest in something I've not seen.

I was wondering if anyone knows where to find these types of deals and how they work..I understand some of the process however want to know if someone is willing to bring me up to speedThanks Eddy

I am also interested in a property currently owned by WaMu but they seem pretty adamant about any REO offer concessions, in addition to their REO' bring over priced considering they are "as is".Looking at new lately, I hope they change their attitude just because their shares took a 17% dive just yesterday.

As the junior lien holder you have the right to step in and bring the 1st current.

You bring some good points as far as what to watch for.

I go above and beyond because thats how i run my business, and i can only hope that is what will bring me referrals.

You also might have a harder time motivating agents to bring you deals if they have to split a commission with you compared to taking it to someone other investor where the listing agent keeps both sides.2.

As AllCash has already mentioned (you have quite a memory there 8) ), the PMI drops off at 80 LTV (loan to value)---based upon the figures you provided, your current loan to value is 88...There is no benefit to a rate and term refinance at this point, if your intent is to eliminate PMI...There might have been a time when comparing a refi option with LPMI (lender paid PMI) might be feasible, but in the absense of more info (and prevailing market conditions), you might be better off leaving things alone.Regards,Scott Miller