I have a tenant who is posing a situation to me that makes it kind of easy to accept the idea of breaking a lease.

You can buy tax liens and you can buy mortgage liens and any other kind of lien.

:goofy: I will be in Fl in August, they want to close on the 9th of July.I'm paying cash so no problems.I just need to know about the title insurance, I don't know what kind of insurance is, the owner one I think.my cousin is an agent and she's following everything.but she never followed a REO, that's the reason why she advice us to get an attorney.anyway, I will let you know.thank you for your advices and kindness!

everytime one recommends these books..it sounds like a SLAM :joker: buthttp://www.amazon.com/Complete-Idiots-Guide-Estate-Investing/dp/0028639766I read Idiots guide and for Dummies on all Kinds of subjects..they are really well written.

Zilpy.com kind of like Zillow.com but for rental market.

Oh and it is an REO .Anyone got any ideas on how i could start this kind of task .

Its kind of hard to find a place where an investor hasn't gotten ahold of yet.At the same time your not the same person.

Your in the game you might as well play where you have the greatest chance of success.It is all about risk assesment in my humble opinionI prefer to risk everything I have because if i lose what I have I will have it all back in under 5 years most likely in 2 years.If I don't risk it I know I will be broke and unable to retire.Hmmm what is retirement......I don't think Ill ever do that one because my definition of retirement is to be able to go where I want when I want and do what ever I want to do.........So I make a few phone calls during the day and make more money for doing so......I will never quit teaching people This business because It has made me a truely free man.One will never be free until one has no attachments in life because attachments by the nature of the word attach us or tie us down......I am not attached to my money or things....I can't take them with meI am not attached to life.......when i die my body stays hereI am not attached to my wife and son .....I love them but they are their own spirits.......If we had never taken the risk to travel to the moon we would have never reaped the benifits of such a great undertaking..Sorry but I believe that all things are possible to him that believe...I guess it's kind of a sensitive subject for me.

ok, thanks for the kind words!

When I have an LLC what kind of extra insurance will I need?