Marcial, Congrats on making the biggest step!

I read an article that quoted an un-named source saying that GE Capital is trying to get as much money by 12/31 as possible-even giving salespeople incentives to talk customers into refinancing to another company or close accounts--in stark contrast to how they've been trained to get people to borrow more in recent years.

I agree with @Howard Walter as we have some very astute grumpy old guys we deal with at the County office :) This FREE one EmailForeclosures.com has been a good source for us & we used it for a couple of good deals.

Don't talk to unmotivated sellers This is the biggest mistake I see beginning investors make.

One of the biggest points that seems to be lost in this discussion is how a multi-family property is valued.

They just keep buying creatively, they cultivate private sources of money or they start using commercial lending.You are never going to build a decent portfolio of properties with conventional residential loans.

Both houses have approx 50% ROI when rented out and paying cash (modest estimated, I've even factored in 5% vacancy and 5% rent collection loss) I check out a lot of foreclosures (I've seen about 50 this month from various sources), and I put out a lot of cash offers.

business lines of credit and private money lenders are Great sources.

A Turkish investor, who identified himself as Sebat, took out 10 bright yellow ads in the Nov. 25 edition of Gulf News, the United Arab Emirates’ biggest newspaper, with the headline: “DIRECT FROM OWNER DISTRESS SALE!!!

This has given me other sources to track down past due money.