My best advice for getting the best deals...close quickly and cleanly with a reo agent in your area to establish rapport, then make it loud and clear you are ready to play.

I think I will stand back and watch how things play out and ask questions here as they arise.

I know i'll have to go through ALOT more properties to find a deal, but the problem is finding the deals.The papers have nothing, driving for dollars hasnt been much success, and direct mail is a bit pricey.I think ill be doing some bandit signs this weekend and see how that plays out.

From my point of view, non-performing loans look great from afar, but are really hard to do with less than say $20,000,000 to play with.

4. when does private placement memorandums come into play

Hello all, this is how i spend my days(Phase 1 get my mind right)- Pray- Meditate - Exercise & go Jogging - Take a warm shower (while listening to relaxing music)- Eat a good breakfast(Phase 2 take care of business)- Check and respond to both my email and voicemail messages- Check to-do list, and complete any items due that day- Scan through that days top real estate news articles- Do a little networking through various real estate groups & forums (mainly for: education, finding deals, and building my connections) - Do at least one thing that day that normally makes me feel uneasy (I work on conquering my fears by doing them) (Phase 3 relax)- after all this, I put anything new on my to-do list to complete for the next day, then I either read a book, hang out with friends, watch a movie, or play video games.

Is the seller willing to give you cash for the negative equityFinancing is tough right now and there are some good deals but getting into a negative equity play just because of seller financing does not make a lot of sense.

He has played no role whatever in bringing us these buyers.

One week later we were bombarded with newspaper reporters inquiring about our Lease and our "tenant" Of course I played dumb.

Not really asking if its probable but just possible.Let say you find an apartment complex for $1M, look at the numbers, sounds like a reasonable play and you get it under agreement.