Train your brokers on exactly what you are looking for and you will get higher quality deals.  

Michele, yes, I spend a lot of my drive time listening to podcasts.

Did anyone get their RE training/education through Allied School of Real Estate?

The owner is pretty much stuck, the use of the property is very limited and the lack of financing alternatives drives marketability down as it is also reflected in the value.

In very hot markets this is a good idea plus you can drive by the property see if you can view it with your agent (that day )and shoot an offer right away.

If I pre-qualify someone when their rate is 3.875% and then the market reacts and drives rates up to the high 4's before it settles down.

For example, track your mileage when driving for dollars, costs of postage/yellow letters, etc.

Here are some of the numbers:Estimated ARV:  $150,000Judgement against homeowner:  $116,000Estimated repairs (based on drive by):  $50,000Target purchase price:  $55-$60,000My first preference would be to get the lienholder to agree to allow me to assume the mortgage at $.50 on the dollar.  

Mortgage banker and have some friends that work for QL; decent company, excellent training, but they would never give anyone anything "free"!

I usually hire a administrative person and pay well (12-15 hr once I can give them about 15-20 hrs week) I have found plenty of stay at home moms love it and seems if I train them it works well and they do it the way I want done.