So then should I be looking for a realtor to assist me with finding deals?

From one newbie to another if I can be of assistance, please don't hesitate!

Here is a direct response ad I wrote recently that I thought everyone might find useful---Try this when you have a property that you can't sell...I'm In Foreclosure---Profit From My MisfortuneI'm Giving Away 50K of Equity To The First Cash Buyer That Makes Me A Offer.Call 555-555-1212I recently assisted a client that was nearing foreclosure sell their house with this ad---it worked, it sold and the client avoided foreclosure...Use it with my wishes for your good fortune...Regards,Scott Miller

I just parked my race car a few weeks ago for monetary reasons, and it hurts.

Of course this is not a guarantee, but historically that is what these have done...so you can make very good monies in this model quickly.The pools are rated (aaa, bbb, etc.) by Bear & Sterns, Moody's, etcIt is a very nice niche that most people dont know about...you are picking up securitized real estate pools (essentially).If you would like more information I am happy to assist you provided you are willing to pay me a small percentage for the assistance.

So, off to more reading, and thank you again for your input and assistance!

Partly because I am truly self employed and no one is holding my hand...no one will be handing me a check at the end of the week for my efforts if I fail or if I'm just learning...I have no assistant...no mentor...no boss.

if not you need to look for ways to increase your existing rents or leases to procure or leverage a higher net income from your properties.There are many avenues you can do creatively you just need to find the one that can work the best in your scenario.To question # 1 Yes you can owner finance a buyer but make sure you are protected in the transaction to ensure you have some monetary committment if your buyer defaults.

You may have to start as an assistant.

Some agents that carry 50 to 100 REO listings at a time, would often prefer that the buyers use another agent to assist them in buying because as the listing agent of so many properties, they don't have time to baby-sit transactions.