They are on their way to lose their house so that normally motivates them to figure something out.The con's include that surprisingly most people facing foreclosure are in major denial of their situation.

I haven't auctioned any of my own property, but I have attended some auctions where the auction price ended up higher than what I considered the After Repaired Value of the home to be, and the home still need major updating!!!

It gives you something to fall back on if the real estate market hits a major dry spell.

I was sitting at my desk one day (at a job I wasnt overly fond of) and began writing out my goals, I don’t remember all of the details but I do remember the major themes of the goals.Goal #1 Own a Harley before I was 30 years oldGoal #2 Have at least $30,000 in the bank before I was 30Goal #3 Make at least $100,000 a year by the time I was 30Goal #4 Own at least 5 investment properties before I was 30Goal #5 Have a fun car by the time I was 30I think I must have been about 29 years old and was working on cleaning out my basement when I discovered my old book of goals.

I woud say thats what the majority of biggerpo members do!

Many states have coverage by local companies that pull records daily I know in Florida there are 2 major companies that are fast and reliable.

The fund which requires $500,000 minimum investment focuses on buying non-performing credit card debt in wholesale quantities and prices from major card issuers and then converting some of it into current, paying debt.

By that time you should have some good equity built up.You need to figure out your rent income for all 3 properties and use these 4 major monthly expense factors:1. mortage per month2. hm owners ins. per month3. property taxes per month4. property management fee per monthI know that if you can collect at least $300 a month from each unit, you should be positive or break even with no money down, paying a manager, and you do not have abnormally high property taxes (depends on the county and state).

In fact, one of the major treatments for a heart attack is to give blood thinners -- something you can't give to someone who is at risk for massive bleeding.

One of the major benefits is qualifying as a real estate professional and i still havent had a chance to get all the details on that until i speak with someone with a CPA.