The property I am looking at is approximately $15,000...I would like to offer about $12,000 in cash and avoid closing costs....I am under the impression that on foreclosures, typically investors have to pay for the closing costs...is this correct?

That means you're going to have to offer owner financing at much more typical rates in order to get buyers, and hold those notes until you can get the project to qualify for warrantable financing.You imply you want 100% financing.

Taking the investment job while continuing to work with your landlord appears to offer the best of both worlds - gaining the business experience while learning from your landlord at the same time, and building up some more money to play with.Living well below your means once you have the better paying job is going to be critical - the one big advantage you have is that you're already used to living on 8.25/hr.

Looking forward to all that BP has to offer!

The major credit bureaus were forced to offer this information for free once a year to all US citizens.

We are thinking its best to continue trying to offer them cash to go away.

It would be SO easy for them to offer interest rate swaps and pick up spreads along the way.

if you are licensed, then there may be restrictions...i'm not licensed however, so im' free to offer finder's fee to tenant's, friends, colleagues, etc.

It is difficult when you're pretty much just looking for guidance and don't really have anything to offer

If you can show proof of funds from your private lender in the form of a cash account, you will get the seller to listen to offers well under the asking price.