if i try to flip it, i would barely make my money back if you consider the closing costs that were involved. don't even get me started on the fines i've already incurred and the lifestyle i've had to endure while basically living out of a suitcase, trying to get these rehabs done.

Thanks for getting involved!

It seems like a win win situation, they don't loose their credit, you get a property for cheap, you can give them some extra money that you didn't pay for the home as some incentive, and they won't tear the crap out of the house like most people do when their home is foreclosed on.What are the risks involved?

I’m willing to bet that most readers wish that the profit potential was higher, and the risk management and time horizon were lower.

I have done a lot of them, and would equate the extra work to doing an REO because there is a lot of paperwork, and phone calls with the lender involved, and in addition to that most of them require a lot of repairs, as these are already in foreclosure, and most of the time the owners have pretty much trashed the place, and it is a piled up filthy mess!

I've read a few articles on it, but they are pretty unclear on whats involved.

I currently work mostly in residential, but I am looking to branch out and get involved in the comercial side.

You didn't have to lie.The problem is that you pretend to be just some random person who just found this opportunity, when in fact, you are involved in the opportunity.Why should we believe you at all now?

Every bit of literature that I have read stresses getting involved with your local REI club.

However, I would recommend hiring an agent and here are some of the reasons why:Real estate transactions involve one of the biggest financial investments most people experience in their lifetime with most transactions exceeding $100,000.