The good part is that the leads are normally sellers that are desperate but are not in foreclosure yet.

The best part is that you are no limited to that one person that reads the paper.

It's the same paperwork that would be done by the lender (loan documents) and/or title company (transfer documents) in the case of a third party financing.

It would sure benefit all parties with interest!

There is no due on sale violation.. no new loans needed.. 3rd party keeps all records of payments received/disbursed..

the hardest part is filtering through the daisy chain of bulls*** and lies. dont sign any ncnd's until you know someone is real.

i was actually putting together a jv deal on a vegas casino build and the client asked me if i knew anyone with an reo portfolio, the same day another client happened to ask if i knew any buyers for an $800,000,000 reo portfolio and that began my venture into the reo world. i just happen to stumble directly into a new york investor with $3,500,000,000 in his personal bank account on my very first deal so it has been pretty easy for me when the packages are real. the hard part is weeding through the fakes and scammers.

I love the commodity ETFs Gold, Silver, and Oil (SLV, GLD, USO).With the Republicans borrowing money from other countries and the Dems raising taxes, we are all heading for further inflation.

REI's a part of that, but just part. I

With our down stroke that would leave us with a 72% LTV property and 12% going back to our third party management company for reinvestment.