I was just hoping to get some sort of list or steps to take to do after driving for dollars.Here's a made up scenario:Say I was driving for $$$, I come across a house with boarded up windows, over grown grass and what no.

I sort of figured that it was not doable, but wanted to know if anyone out there knew of any loopholes before ruling that option out completely.

I was just hoping to get some sort of list or steps to take to do after driving for dollars.Here's a made up scenario:Say I was driving for $$$, I come across a house with boarded up windows, over grown grass and what no.

But I am sure there's a way to make it work.That's is a great way to get started with rentals, sounds like life sort of gave you a hint!

Do I need to have some sort of license?

I'd like to say I was some genius who waited for the perfect moment, but it all just sort of happened, my business was growing as the housing market crashed.Fast forward a few years to 2012-2014 and my wife at the time and mother to my two kids decided to sneak around, cheat, and have a baby with another man, then claiming it was mine before using this poor kid as extortion to try to get a windfall settlement and child support.

You could get into note investing and become a banker (of sorts).

If you ask an agent to do this for you they are going to want compensation of some sort as a buyers agent.

It's tight, as there will of course be closing costs, and some renovation costs, but I want to show I have the money in the account.I can open an LLC for 250-300 dollars within a week, or I can just work with a title company to show a sort of temporary LLC in case I don't get the house.I need to put down earnest money (say, 1,000).All of this requires time, effort and a bit of difficulty as I live overseas.I know I won't get every REO I bid for, but I was wondering if it is worth it to do all this, assuming the bank will reject my offer, in the hope that there will eventually be a property that is worth what I offer for it, and I will get it if I keep making offers.Also, if I show I have an LLC that turns a profit, what are the tax implications?

@Jack RamseyI believe that Phillip meant that prices will continue to rise due to the low inventory supply and I agree, however, the market feels very overbought and I expect that some sort of correction is in the not so distant future.