It will all depend on your relationship and where its headed.

I am looking for input as to what questions to ask or how you recommend "screening" people to put together whom you will develop a good working relationship with.

Most of the seansoned people are saying you should approach the preforeclsoure with the intention of helping the people and building a relationship.

Originally posted by "noobdog1":personally, if i'm single and/or married with no kids and i have an income that pays the bills, the following strategy sounds like a very good one.1. buy a property in an appreciating area to live in - below current market value 20% minimum.well shoot. i already messed up step 1. comps for a similar unit in excellent condition was 180k and i purchased a rehab-condition one for 157k. is there any reason why 20% is the min?

Don't assume that your local retail home improvement store is the place to go for all of your needs- remember, every dollar spent in excess is a dollar lost.Make sure that your figures work out, and give yourself some financial room for the unexpected expenses that almost always come up when dealing with rehabs.Establish a good business relationship with wholesalers in your area.

To that end, I'll throw out that we have excellent credit, strong assets & some cash, and stable employment to bring to a partnership with the right person and the right opportunity.

Looking to meet and build new business relationships and friendships, Thank you and nice meeting everyone!

If you have a good relationship with a realtor, ask them to pull comps for you (or find FREE access to MLS listings on the net and do the sold comps yourself).

Looking to meet with investors all over and build sound business relationships with everyone in the field.

I stumbled across a property where the gentleman passed away in 2010 family wrote up affidavit of hiership immediately after but did not disclose relationship.