How do you locate the things relevant to this business relatively easily?

For pre-foreclosures, keep in mind the owner is in the process of losing their house.

Last I checked I was up to 15 zip codes.Whats nice is, I dont pay monthly charges and that number belongs to me.With the last answering service I used to use if you stop using the service you lose the number assigned to you.

I can easily turn that into 20%+, so I would definatly jump on that.

The one HML I tried said they won't lend less than 60k which would eat 50% of our profits.Long story short if I cannot line some kind of financing up before I close I would like to know if there is some way I can pull out of the deal without losing my earnest money?

If you don’t satisfy the loan, they will have the option to foreclose and you will lose the house and probably everything you have into it.

Most important, don't invest more than what you can afford to lose!

Certainly this isn't the case with every area located next to a base, but you don't want to lose your tenants for any length of time with little hope of replacing them.

But knowledge of local conditions is a much better indicator than an appraisal, since appraisals are easily manipulated by simply choosing different comps.

.$80 per mo rent creditAssuming they purchase after one year (which we most likely know they wont), using these figures would gross me $10100.00.Difference in rent: $3360Difference in price: $7100Consideration difference: $600Rent credit: -$960------------------------------------------- Gross profit $10100.00Seller gets her asking price, doesnt have to lose MORE on her investment and $80 a month cash flow.