I'm especially interested to hear from anyone with experience in New Jersey, in case any state-specific rules apply.

This is coming from my time driving for dollars and coming across these as owners of a distressed home I want to mail to.Questions I am asking myself are, do I assume LLC owners are other investors, and, for the bank owned properties, is that something I need to find a way to contact someone within the specific bank?

I'd love to connect with any and all investors but specifically from those two areas!

Having a specific plan and being aware of your strengths and limitations is probably the best first place to start, and then it's off to the races!

Give them notice of your intent to foreclose as well within a specific time period, then get your attorney to start the process (it could take some time) if they don't pay the account up.

Here are the duties that can be performed according to the FREC:Permissible Activities of an Unlicensed AssistantUnlicensed assistant is defined as support stafffor a real estate corporation or other licensed individuals.Answer the phone and forward callsFill out and submit listings and changes to any multiple listing serviceFollow-up on loan commitments after a contract has been negotiated and generally secure the status reports on the loan progressAssemble documents for closingSecure documents (public information) from courthouse, utility district, etc.Have keys made for company listings, order surveys, termite inspections, home inspections and home warranties with the.licensed employer's approvalWrite ads for approval of the licensee and the supervising broker, and place advertising (newspaper ads, update web sites, etc); prepare flyers and promotionalinformation for approval by licensee and the supervising brokerReceive, record and deposit earnest money, security deposits and advance rentsOnly type the contract forms for approval by licensee and supervising brokerMonitor licenses and personnel filesCompute commission checksPlace signs on propertyOrder items of repair as directed by licenseePrepare flyers and promotional information for approval by licensee and supervising brokerAct as a courier service to deliver documents, pick-up keysPlace routine telephone calls on late rent paymentsSchedule appointments for licensee to show a listed propertyBe at an open house for: o Security pulposeso Hand out materials (brochures)Answer questions conceming a listing from which the answer must be obtained from the licensed employer-approved printed information and is objective innature (not subjective comments)Gather information for a Comparative Market AnalysisGather information for an appraisalHand out objective, written infonnation on a listing or rental

For most traditional banks, they'll want to see 3 years of tax returns, personal financial statements, P&Ls, and additional support (such as marketable investments, collateral, and/or liquid funds) that will show that you're able to support your responsibilities and repay all debt, but specifically theirs.

So what's the best way to handle this...do you bring a bunch of Cashier's Checks made out to different amounts or once your bid is accepted do you go to the nearest  bank for a check in the specific amount?

I blame myself on not being specific.

I know this question has been asked before, but I'm hoping to get specifics on how I can compare numbers between 1.) purchasing a primary residence VS 2.) saving for my next buy & hold investment.Background:  I live near the beach in Los Angeles.