I am interested in purchasing REO property in the area, and im trying to figure out where to start.How does one go about getting the jump on one of these kinds of deals?

I have two of the buildings in Tbay listed on the ICX, to get more exposure, but I'm still trying to figure out other ways to get these buildings sold.

With high energy prices, I figured for sure this stock would benefit.

As for getting over your head, that is something only you can figure out.

. $70 monthly (IO) so as long as you can get $70 more for the larger of the two, you will be fine.Also, the larger house needs less repairs according to your figures and is newer (better resale value down the road & possible less capital expenses).In the end, it is a personal decision you must decide and above are only my observations.

Get her to agree to that figure, then start working it with the bank.

I haven't figured out a way around outsourcing at the beginning - outside of managing yourself of course and we're a bunch of E-Myth and 4 Hour Workweek geeks about it...lol.

If you are just starting out wholesaling, I would figure that you do not need any type of insurance.

First and foremost, unless you have HORRIBLE credit that 9% is way too much with 20% down. now for the basics...Purchase price $36,000down payemnt $7200financed $28,800monthly payment $293insurance/taxes about another $100 lets figure $400 a month for all thistotal rents $700 per month x .60 (assuming you are going to manage the property)= $420 - $400 for mortgage payment = $20 cash flow per month...now the norm that people seem to shoot for is $100 per door, so you are about $180 short of that.

Don't I want to own them at that figure?