I would STRONGLY suggest that you buy a book (or two) on this subject and do some serious research.

The prices/taxes/insurance are prohibitive to cash flow here, so I am currently researching markets outside of Florida.

Thanks guys, just doing research on possibly profession to compliment REI in the future.

I got here from searching to learn about foreclosures, flipping, and REI in general.I have been researching my area and wanted to get opinions on this deal:House: Sold in '02 for $200KWill be auctioned for $135K min bid (appraised 200K).I am interested if this sounds like a good deal or not.Here are my questions:1) Is it too late to contact the current owner and try to work out a settlement ahead of the auction?

I intend on going to the local real estate investment club meeting in a couple of weeks and start networking, but I have no idea where to start to research what area I would like to specialize in.

Good point, so I need to do more research realize if maybe this 114K loan that is in default is possibly the 2nd and there is a 1st that is say 450K...

I've been told both Starbucks and Home Depots are good signs as their market research is top notch, but what else should I be looking for in a burgeoning community?

Coach -If they don't have the answers to all of these questions, do you leave it up to them to research and get back to you, or do you take initiative and do the work yourself?

If you aren’t sure which way to go you should just keep doing your research.

So I guess I will get to test my "closer" skillz :groovy: Any further advice or reading material or research sources?