Anyway, I say this because it took quite a bit of time to get familiar with the brokers/players in the secondary market but now I feel I have a good handle on it and the products offered.

Tol clarify on this issue of agents getting commissions when they buy.The vast majority of REOs are with the major national banks/servicers: Fannie, Freddie, HUD, BofA, Chase, Wells, Deutsche, etc.

Don't chase cap rates.

Morgan Chase) and tell them to jump in so they can recoup some of their $2 Billion loss.

I had a lawyer friend of mine do some searches and she found that it is now owned by Chase.

I wish I could be encouraging to you and tell you to chase your dream but you need a dose of reality.

My thoughts are that in order to be taking seriously we will need to offer at least $1000 if not at least 5% of the offer price.For the most part I think that trying to chase around bank owned properties is mostly a waste of time.

BoA and Wells will make you hold for 90 days, and Chase will make you hold for 120 days unless you do "substantial refurbishment."

So more rental units are entering the market, but less consumers are chasing them.

I am a prior service Air Force firefighter looking for a career change and I’m thinking about chasing my passion for real estate.