The truth of the matter is you can easily make or lose money investing in your own backyard as you can across city/county/state lines...What I will concede is what you are doing locally will not be an effective springboard for investing outside of your marketplace---the same things that you are successful at in your local business will need to be outsourced when you expand your geography.

If there are more REOs than can be sold easily expect low prices.

You can easily emulate this strategy.

Alright I'm a new investor,Ive been calling people left and right filtering out non motivated sellers.Anyways I'm not a greedy person,so I'm willing to give the owner 60% of apperication and I keep 40%.I have two people on my list to call them up if their willing to do a L/O.The other two one I gotta call up in a couple of days to see if their still interested in the deal.Another one I'm gonna speak with him,tommarow to discuss more of the matter.I need a L/O contract along with splitting apperication.

If you know how to use Microsoft Word then you can figure it out pretty easily.

If you want to go the turnkey approach, I suggest approaching a title company...They will be able to set filters and query data specific to your search parameters.Regards,Scott Miller

:cry: My spam filter can't pick those things out.

Obviously I could turn to investors but that seems less profitable and easily introduces potential competition.

For example, if you rent a large 2,000 sq ft house for $1,000/mo in Texas, you will incur operating expense which could easily EXCEED $500/mo.

Even with 20% down, you should be able to buy about $2,500,000 worth of property which could easily provide $4,000 per month if you buy correctly.