In the next couple of years when all the adjustable rate mortgages start to come on line we are going to be facing this hole problem all over again.

Everything you need is right online.

So if it takes about 3-4 months to foreclose on someone, I would expect to see the market to be flush with foreclosures starting 2nd quarter 09 and the housing market bottoming out starting in 3rd quarter 09 since their should be less foreclosures coming on line to depress the market with.Therefore, my objective between now and then is to accumulate properties now for cash flow and position myself to be able to accumulate more property in late 09.

I have found the most success finding both buyers and sellers by doing online classifieds with driver ads to my website where I can capture the information of interested parties.

I like the picture tool on the main page but I never see before and after pixs - am I missing something...

Both can used not only as a way to track the steps being taken, but using the "metrics" can be a great motivational tool.

Quicken Loans is the nation's largest online mortgage lender.

It's also relatively easy to put together larger teams of bird dogs by utilizing message boards, Craig's List, and other online resources.

You can not find that out by looking solely at the cap rate.this may mean that you have to adjust your expectations about how much of a return you can get, or that you need to find a different city to invest in or different financing strategy, but at the end of the day, its the return that matters and the cap rate will simply not tell you that.The cap rate is little more than a sales marketing tool.

Get hard comps on both the retail ARV and the rental rates (look online, look in the paper, and call 'for rent' ads).I have done 5 rehab deals, most of them extensive.