Also it often helps if they have an assistant, or a team.

So then should I be looking for a realtor to assist me with finding deals?

From one newbie to another if I can be of assistance, please don't hesitate!

Here is a direct response ad I wrote recently that I thought everyone might find useful---Try this when you have a property that you can't sell...I'm In Foreclosure---Profit From My MisfortuneI'm Giving Away 50K of Equity To The First Cash Buyer That Makes Me A Offer.Call 555-555-1212I recently assisted a client that was nearing foreclosure sell their house with this ad---it worked, it sold and the client avoided foreclosure...Use it with my wishes for your good fortune...Regards,Scott Miller

Of course this is not a guarantee, but historically that is what these have done...so you can make very good monies in this model quickly.The pools are rated (aaa, bbb, etc.) by Bear & Sterns, Moody's, etcIt is a very nice niche that most people dont know about...you are picking up securitized real estate pools (essentially).If you would like more information I am happy to assist you provided you are willing to pay me a small percentage for the assistance.

So, off to more reading, and thank you again for your input and assistance!

Partly because I am truly self employed and no one is holding my hand...no one will be handing me a check at the end of the week for my efforts if I fail or if I'm just learning...I have no assistant...no mentor...no boss.

You can sell the note to a note buyer but honestly the overlevaging will make it not very attractive to a note buyer but you need to create a seller financed note first then you would sell it to a note buyer.Before you even setup the note you would want to be working with a note expert whom can assist you in properly structuring the note before you jump in from the my understanding most note investors can this "pre-flighting" the deal.

You may have to start as an assistant.

Some agents that carry 50 to 100 REO listings at a time, would often prefer that the buyers use another agent to assist them in buying because as the listing agent of so many properties, they don't have time to baby-sit transactions.