I still pay for their service because I can research properties that didn't sell in the MLS and there is mortgage data on about 50% of the properties.juzamjedi, without getting a license there really is no way to get access to the MLS without putting someone else's license at risk.

The first thing you need to do is to research comparable prices in this area.

After much reading, "observing" and researching the current inventory of possible rental properties I ended up writing a contract on a leapfrog house last week and the financing is pending as I write.

If you can do the research and contact all of the companies yourself, then set up the negotiations in the best way, you can save the money on a broker...BUT, a good broker is worth their commission if they can do all of the leg work for you and allow you to get onto other things with your life or investing.There is nothing worse than lazy agents that just list properties and wait for the offers to come in.

I have seen what could possibly be some good deals but I need to do some research on how to convert the heat so that the tenant are paying their own.

I researched into multi-units here, in a not so hot neighborhood such as the Hawthrone area, a 4 unit is going to run you anywhere from 800k-1million+ which can only be rented out for I say around 800ish per unit.

I posted this under the rehab section - though I might get more play here...Short version of my question :After much research I believe it would be relatively easy to consistantly turn houses for a quick $10-12k net profit...on a 90 day average turn.

Ive been doing a lot of research but foreclosers are something new to me at the moment.

I am very unexperienced and have been doing quite a bit of research the last couple of months and still have some questions I cannot seem to answer.

Still researching.