What I have since learned from BP and by managing my own rentals has put me in a much better position to buy smarter going forward.You're not going to get rich overnight, but over time, a small trickle of cash flow, if nurtured and built upon, can be turned into a significant source of wealth.A few dollars of cash flow here, a few hundred there, a few thousand there, it all adds up.

That affects what you're owed, though only by a few hundred.

I don't see myself spending a grand for some stupid set up fee and hundred bucks a month to maintain it when there were a ton of flaws and problems associated with it.You can get your own website and tools to help you wholesale for the fraction of the cost of FS.

Find a good real estate and/or contracts attorney in each of the states where you plan to hold property, and have them create and/or review your lease to ensure that it meets state code with respect to landlord/tenant law.The couple hundred dollars you spend in each state ensuring that the contract is valid and enforceable will be WELL worth it...

Whatever amount you give will be returned to you a hundred times over.

Have no idea, how many, over a hundred I'm sure.

They are asking 2,800,000 to which I say they are insane.In a situation like that you have to finish out the space for the tenants,lease concessions for being off the corner and not anchor weighted to drive traffic.Once you run the numbers they are way overpriced.They tell me my numbers make sense but they just can't take that kind of hit right now.So banks go through a process before they are ready to be realistic.The commercial side is very different from the residential side in that the loss amounts are usually much greater to the bank.Big national banks with asset managers have hundreds of files to work and use a listing broker.Typically they take 10% of list price with markdowns every 21 to 45 days depending on the bank.I used to track which banks got real aggressive with list price.Bank of New York Melon would always dump really cheap and other banks would overprice and take a really long time to get realistic.So by collecting this data you know what you are up against when the property hits the market.

Who knows we may have a few hundred new gurus being born on BP.

Just because one investor, in one part of the country, during a specific time period, uses a specific technique (s) to make money in real estate, does not make him or her a Real Estate Expert.Over the last few years, I have seen hundreds of Guru courses hit the market on every imaginable topic.

There are always issues with rentals and the less reserves you have the harder those issue are to solve.Just because you can get a discount on an REO from what it once sold for does not necessarily mean that it will work out well.I have walked through hundreds and hundreds of homes (maybe even a thousand by now) to get the rentals that we have.