I realize I'm totally in the minority here, but just wanted to drop some "food for thought".

Here are the numbers:Original Loan Amount: $ 42,700.00Loan Origination Date: 12/09/2013First Payment Due Date: 01/01/2014Last Payment Date: 9/27/2018Current Loan Balance: $ 41,802.77Current Interest Rate: 9.900%Current P&I Payment:$ 371.57Current Escrow Payment:$ 30.43Maturity Date:12/01/2043Term Remaining: 302Loan Type :CFDFMV: $87,500The WorkoutWe picked up this asset for $18,500 ( 44% of UPB)Expense Cost: $2000 (Includes, servicing, initial due diligence, forced place insurance, back taxes and misc)Contingency Fund $2,500All in Cost= $23,0008 Months of Payments = $2968Reinstatemet fee from borrower = $2000Total Income received $4968We sold this property after 1 year as a re-performer for $35,500 (Approximately 85% of UPB)$35,500 + $4968 = $40,468 Total ROI = 76%We're excited with how this one turned out and can't wait to see what we will do with our next one!

Chances are if they're on Craigslist and willing to lend a total newbie money, scam.Think of this from a business point of view.

Karen is right on the money, I totally missed the Listing Agent is repping both sides in this transaction,thus has even fiduciary responsibility to both parties from the moment dual agency was established.Appauled that agent(s) even here see nothing wrong with silently presenting offers to oneself - or in this instance an agent working for oneself - while simultaneously honoring fiduciary responsibility to the buyer too as buyers agent!

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

Your total expenses (not including debt service) is coming in at 30% of GSR, that's really low, like REALLY low.

You can say almost anything to a total stranger as long as you have a smile on your face and love in your heart.

I can't find many reviews online.

This is the best website to help you learn online about investing in RE.

All I've seen online was very positive stuff, but maybe we are biting off more than we can chew for our first investment.