What should you look for in an area (numbers, and facts wise)?

Considering that there were 3 million foreclosures last year and possibly 7 million this year, its well worth it to take the time to learn how to do them correctly.A suggestion concerning your question though; a lot of lenders are getting wise to land trusts and option contracts.

Some look decent numbers wise.

Taylor- wise decision, imo.

**************************************Even God states in His Word, "Do Not Worry"This market, although unlike other down markets, presents plenty of opportunity, but you have to be wise.

Sometimes it's wise to watch what one says in these public forums ...

Use the formulas for repairs I've given (you may need to adjust the costs if you're in an area with higher rehab costs than us in the TX & LA area) to save yourself some time.Making offers this way will allow you to use your time wisely and make more offers in the less time.

That being said - I think it is very wise and actually a necessity to diversify yourself in the real estate game and to not limit yourself to one strategy.

Once she wised-up, she moved out and started looking for a better landlord.So my thought remains.

I don't know about Michigan but I deal in trust deed states.What you do is follow the trustee sales and if it sells for more then then the foreclosing lenders bid you may have an overage.However, the number of cases I've run into where the next in line lien wise didn't get the overage was very small.