There is some up-front cash involved, but saving a ton in expenses if that's what's needed to give them some peace of mind going forward, and all the cash is "returned" through no payments for the first 12 months after move-in..

But again, if bought at Trustee sales, no realtor would be involved (priceless)

I would say that your best bet for becoming an REO agent is to create a good relationships with an Asset Manager.

There's a lot more involved in being a successful investor than simply looking at online ads.Good Luck,Mike

Would I be better off reading up a lot and starting my business after college make more sense, than perhaps getting involved in an MBA program?

So if you have 1031 in mind as the exit strategy for the property you are buying right now that involves other partners, how would you structure the deal so you can take your share to do 1031 exchange when the property is sold?

as of Sunday, I am long on Top Ramen noodlesI think puts on Jenny Craig and weight watchers is a safe bet as well

If you take a second to think about it, I bet that a joint effort of all BP members could have raised the funds to buy Bear Stearns.

You would not be involved, other than helping them know what to do.

You can bet that when a listing says that the property needs a rehab, they aren't talking about carpet and paint!!!