That is certainly not practicing diversification!

Was planning on building this unit using modular to keep costs down.Trying to stay away from banks at this point as I have grown tired of their lending practices and requirements.Are there other ways of financing this type of deal?

The land trust consists of a trustee (which for all practical purposes is the legal owner of the property) and it has a beneficial interest (which for all practical purposes is the real owner of the property).So, when selling subject-to, some people recommend putting the property in a land trust.

Plus, all these online gurus keep making it out to sound like if I don't buy their programs, I won't do it right!

And If I couldnt get financing he has a practically new home for nothing.The big thing is location...

I'm really weary of real estate gurus claiming you can flip your way to millions when the practical reality is that major obstacles exist.

You should be able to look at the loacal MLS on line, the REOs are listed and will show up there.The ONLY WAY you get to a PRE-FORECLOSURE is by working with the homeowner, and the HO and the lender, NEVER through the lender alone, the lender has no say in a deal unless it is a short sale and then, basically only to the extent of an acceptable amount paid to the loan, with conditions.And anyone who tells you that you don't need to understand your market area, just sit there and buy and I'll do the work, is someone, IMO, you should not just walk away from, but run from!

Just locate your local assessors office (most are online now), and you should be able to lookup the owner of properties by their address.

And at the time I was in Houston so there was plenty of other inventory.Anyway of the 24 that had originally been on line, 7 had sold pre-auction.

Well, I'm in school right now, and I've been busy trying to make money online with websites.