So, I decided to take the advice of J Scott and others here on BP and go ahead and get my real estate license.

While it was immediately apparent to me that buy and hold real investing was the most logical and assured path to wealth, and I consider myself a disciple of the Kiyosaki approach (at least in theory), I saw it as an antiquated formula in need of update.

He told me if I ever consider PMing to just go ahead shave my head because I'd pull all my hair out in the first year.Some folks are quite successful at it, but I can't imagine you'd be excited with the $/hour return when compared to rental properties.Another option would be to consider investing out of state - you give up some of the control you have, but can get much better returns and pay somebody else to deal with the headaches.

This is based on the 70% formula of course.

Now I try to fish the waters ahead of time.

I have 2 days to make a decision.On top of this, realtor is asking about $3600 on assorted fees (short sale admin fee, processing fee, document prep fee, courier fee, settlement fee etc etc etc) on top of the commission.From reading BP on various SS threads, there is not much room for negotiation because the amount was determined by BPO right or wrong and the decision to accept or reject is not a human decision but some formulaic thing - unless you can justify it with some major overlooked issues, correct?

So Albert Bui do you recommend that I go ahead and do a new 30 year refi?

Some data points we look at are population, population growth/loss, unemployment, crime rate etc.We then filter out the rows with characteristics from those data points that do not fit our criteriaAfter filtering, we order bpos on every row, and that gets returned to us in a massive spreadsheet.We then run some calculations to filter out blatantly bad BPOs and filter out words we don't want like such as "fire", "burned", "demolished" and "razed".Once we have a list of properties we're interested in, we use an excel formula to create a bid amount for each row.We get to pick out the properties we want to bid on in the pools.

Furthermore, try to find a seasoned investor locally to mentor you; they are right here on BP, that is how I found mine and I getting further ahead because of him.Put your money into marketing and into trying to land deals.

Does anyone know the formula they are using now?