Once neighbors find out I am there to rehab the eyesore they have been stuck with for the last 10 years or so, they offer me access to tools, their electricity while big repairs are going on and power is out...I even had one neighbor feed my crew lunch because of the transformation that took place over 3 days.That said, I always have work done correctly and by licensed personnel.  

Hi Norm,Thanks for your post and for all your great feed back.i just found this site on Friday and you are right there is a lot of great info here to be had, I have been reading it for two days now.

So, if your feed up with Short Sales and REO's-Give me a call!!

@Aaron Wyssmann   I did 350 rental homes in this manner:Investor remained a lender so they did not have any liability issues of being a landlord.In the prom note there was simply an equity participation clause which spelled out the business deal. along with the interest rate on the face of the note... therefore you as the operator or owner if you do well make some upside on rents.. but if your not as brilliant at it as your investor was hoping your investor still gets their % return and you feed the deal or it breaks even.

Texas worries me bc of the recent oil news. any feed back would be great!

I can help you get set up with some daily MLS feeds of foreclosures and REO listings, which would be a good start for finding fixer uppers.

Thank in advance for any feed back

Your job is to simply figure out the correct #s to feed your calculator.

The smart buyers don't try to smash the hand feeding them the steak.

The fact is, there are far more people who want to be real estate investors than there are good investing opportunities to feed them all in this business.