If you are buying through an agent they also can provide some basic numbers.As you have family in the area consider asking them if there are any RE attorneys they recommend.

Add in a safety factor.Have a way to get out of the deal if you find the numbers were too optimistic (polite way of saying someone was telling fibs).John Corey

Im still a beginner and im trying to learn the basics.

Basically, you will start seeing the 100% financing go away in all credit categories, and the new sub-prime market will be where the Alt-A has been for the last few years.

Hello everyone, I’m very interested in getting into the real estate investing field, so all I’ve been doing lately is acquiring some basic creative purchasing and financing tactics I could use to help out motivated sellers and myself, it’s a true win/win.So my questions are:1- I know this question depends on the seller’s needs and my financial ability, but under what perfect conditions should I try to utilize each creative tactic (subject-to, lease options, contract of deed, straight options, and owner financing)2- What contracts I must use and have signed when utilizing each creative tactic (subject-to, lease options, contract of deeds, straight options, and owner financing)3- Once the appropriate contracts are used/signed for each tactic, what are the following steps I must take; now I’m not talking about the complete a-z steps.

I have found the basic information on how a loan mod works, but am having a hard time grasping the exact details.Can anyone fill me in on there loan modification experience, and if it is something that may be easy or hard to add to my portfolio options, and most importantly, is it financially lucrative on a smaller scale?

Let me know if you have any basic q's about commercial investing, I might be able to help.

I am afraid that I have now done too much reading and have confused myself on the basics of starting out.

He basically wanted me to find an area on a graph that optimizes my investment...who knows.As for the question is he an investor, yes he's but I think his example was to purposely illustrate a poor investment as to open our eyes a little bit.

My offer was basically at 70% ARV less repairs and yet I was told that my offer looked good "because it was better than the 75% FMV that they require.