I got into the real estate addiction a few months back when my dad gave me a book on how to keep your spirits high (Weekend Millionaires).

There seems to be 2 schools of thought when it comes to short sales as it pertains to the MLS Status (Active, Backup, Pending, Closed).

His message board is active and Bill visits it daily to participate.Here in South FL where I operate, we have a saying (well, it's me and two other members.)

Then I got into bulk reo, really got into bulk reo, spent 8-10 or more hours, even weekends on this(during winter mind you).

I AM A YOUNG SEASONED RE INVESTOR THAT MAINLY WHOLESALES PROPERTIES ALL OVER THE US...TRYING TO KEEP IT VIRTUAL :lol: I LOVE TO NETWORK AND AM ALWAYS LOOKING TO MEET ACTIVE RE INVESTORS LOOKING TO ADD TO THEIR PORTFOLIOS.

- Lead list companies - Foreclosure.com - late on mortgage - Active eviction records - landlords - Probate/Obitiuaries - heirs - ect .. ect ...THINK AND GROW RICH!

I pointed out that both seemed a bit low-ball but if he would take a net out that was based on roof and kitchen each costing 20% more, we'd take it.In short order we replaced the countertops and floor (about $1,000), re-roofed in my spare mornings and weekends (about $800), and cleaned the carpet.

:groovy:You should find out if there is any active or pending litigation against the HOA.

johnmichael: I have been using realtor.com since the late 90's for farming expiredsjohnmichael: You sign up for their service it's freejohnmichael: You farm out your property by looking at active listingsjohnmichael: You save any properties that look like a possiblejohnmichael: 10 to 15 per weekjohnmichael: you check back in a week you will see in red listing no longer availableDan_Auito: maybe go to the library and look up six month prior ads and give them a buzjohnmichael: So how many listing where their last yearjohnmichael: Over 42 Million Homes Listed For Salejohnmichael: So how many did I say that sold last year?

But if you're not a professional, here's how your rental loss could affect your income taxIf you actively manage the property and your adjusted gross income does not exceed $100,000, the rental loss (up to a maximum of $25,000) could be deducted from other income such as salary, interest, and dividends.