Quite easily you can establish online rental payments through a number of vendors on the Internet.

It wll appraise for 230K in its condition and with repairs would sell easily for 260K.

The advantage is that you're still so young that if you get started right now, then by the time you're 30 you'll easily be retired.

The Feds are always in first posistionLooks like to me they can lien the property but consult a good lawyerGovernment Collection Procedures on Defaulted Student LoansThe Higher Education Technical Amendments of 1991 (HEA) eliminated all statutes of limitations for any collection action by a school, guaranty agency, or the United States under a federal loan program.

and find out what the expense are...these are information that could be found easily...just subtract the income from expense and you will see your numbers...good lucksunsmicro

The last REO we bought had 12 other offers on it.The banks also are interested in moving the property off their books as quickly, easily, and cheaply as possible.

Failing to understand history and how it applies to the current market is a mistake that can easily cause your business to fail.

The truth of the matter is you can easily make or lose money investing in your own backyard as you can across city/county/state lines...What I will concede is what you are doing locally will not be an effective springboard for investing outside of your marketplace---the same things that you are successful at in your local business will need to be outsourced when you expand your geography.

I guess my cynicism radar has been goo enough at picking up on agent talk (and "investor" talk too) that I don't even contact the ones that look suspiciously like agents.Heck on the "cars and trucks" section of CL you can eliminate "dealers" on your search.all cash

If there are more REOs than can be sold easily expect low prices.