Personally, you've spent $16,000 so far on education/classes.I'd probably cut back on the spending additional money on classes for the time being, and try to get some first hand experience.Try to get into a "bird dogging" position for one of the known to be successful investment persons in your area.

Typically you the lower the better for each deal but if you can nail in a property at 65-70% LTV per Reo then you have a deal on your hands (of course if the property isn't in too bad of a shape)!

In the wrong hands the tool can make a mess.John Corey

Kelsey The first question that I have and everyone else seems to be missing is why is this guy handing you 200,000.00?

(LOL) Sorry all cash I was just trying my hand at being funny!

You may find a handful of agents handle many of the local REO's.

The last time they were in the Series I had my phone in my hand ready to call and congratulate him.

On the other hand, if I take the money and put it in a different investment like the stock market, I'd owe about $100k in taxes.I have no experience in REI.

I've learned everything from working with it first hand.

I am a newbie and have been receiving a handful of leads for people who want to sell their home quickly.