Interest rates will be a bit higher too. 8% is possible if you have spotless credit and a good cash reserve.Local banks are now your best bet for commercial loans, I called a broker about doing a cash-out on one of my properties and he informed me that the open market now wants to see 12 months seasoning.

I was wondering if anyone has recommendations for places to purchase "I BUY HOUSES" type signs from the internet.

Best bet is to Google REO or REO Asset managers and see what you get.

I am changing my television and internet service and it dawned on me that it will cost no more to me to provide tv service and internet(wireless) to them.

It's hard to find anything on the internet related to REI without somebody trying to get you to buy their book.I've wanted to invest in Real Estate for awhile (several years) - but just am now getting to the point where I'm going to start (long story why).

In case anyone missed it, credit union, credit union.If the rental property is rented, the rent can be applied @75% to help Your dti ratio, but I haven't seen that help lower the down stroke.Your best bet is to shop with out credit pulls, make face to face appointments, sit in the hot seat and follow some of Jimmy Moncrief's podcast suggestions, even though they are about commercial lending, His advice is solid.John

Try searching "Texas, Options" you'll find some information I'd bet. :)

If ti were me, I would build a nest egg of cash and pursue your internet marketing full on.

Jerry;Nice idea...i actually do something similar with the tax redemption notices in Ga.I look the properties up from the sale lists and reference them against county records online, it really doesn't take that long.For me, the foreclosure thing wouldn't be a ongoing thing, maybe a few months, i was just curious to see what the properties in these particular counties were going for vs. being sold off MLS listings, and i'm betting the difference is huge.If one has inside knowledge of the property from prior owner, neighbors, etc, it would be a way to get great discounts.

Also in the rust belt where jobs and city growth are minimal. around toledo college is your best bet.