Call them and let them know what you have and at that point it's easy..Now you will need an assignment contract once you have executed the contract and at that time you will put your fee in lets say 10k and remember always ask for the funds upfront or a percentage upfront..

Lots of cosmetics - 3-2 br units, at least one can be 3 br. 3000 sq ft.ARV 250K(easy)Needs about 40k repairsRents 2700/monthBank is asking 135.

And the lady that i dealt with was so nice and easy to work with, that i would deal with these people again any day of the week.

In the last 5 years it was very easy to get 100% financing, in all credit ranges, not just sub-prime.

I know an entire book can be written on each creative tactic I plan on using but I’m just interested in knowing the basics (the contracts that are involved, and what to do with them after they are signed, and under what prime times should I look to use each tactic), I plan on learning the details through the school of hard knocks, that’s through actually getting out there in the field learning and making mistakes.another reason why I just want the basics, is because I don't want that whole "paralysis of analysis" thing to happen to me that happens to most beginning investors, its so easy to get overwhelm in this business that’s why most fail and the ones that are somewhat successful take so long to do so.So if anyone can answer all of my questions or part of them I’ll be so thankful

I have found the basic information on how a loan mod works, but am having a hard time grasping the exact details.Can anyone fill me in on there loan modification experience, and if it is something that may be easy or hard to add to my portfolio options, and most importantly, is it financially lucrative on a smaller scale?

During stressful times its easy to let your emotions take control of your logic and that can lead to trouble.

Too close to a securities law violation and easy to mess up.

As Yoda might say: Easy it is not.

easy because you're not sitting on land, you're not busting your butt or contractors butt to finish a rehab, etc.you're purchasing with assignment rights and you're buying at a signficant discount so that if you cannot wholesale to investor (a possibility, but more than likely, if you've done your networking homework, not going to happen) - you'll be purchasing a property signficantly under market value (over 30%).with foreclosures - that's different.