I am not sure where you are located, but $100-$125,000 in KY would probably buy 2 homes that could be rehabbed and you could pass your contractorsr between the 2 to keep them working for you.I have found that I typically have to do some of the work myself, whether it is painting or cleaning up.

Also, SF market rents are still way behind home prices and it's WAY unlikely you'll get $6,000 rents for a typical home of 600-750 range, so it's no good as a pure rental.

The estate will also need to be probated before you can close which is typically a 60+ day process.

Typically, people recommend using a name with certain keywords in it like real estate, the city you work in, etc.

Typically, I only have to go to the house once, and the rest of my part on the property is on the phone.

If you are charging more (you probably should) then you can explain to me as an investor what extra value you are providing in comparison to a typical title search.

If you are they typical newbie without much money and credit not all that great..Or maybe you don't have that problem but not to sure how to get started as well..This is for those who haven't got their first deal or not having consistent success..Here it goes, first of all get to understand your market, attend club meetings and network find out who the players are, your making a step of doing that already just by posting on the forum..Also educate yourself but warning don't overload yourself with with tapes and seminar materials it will lead to confusion and alot of money spent..Not saying seminars are bad sometimes we can get so excited that we're spending more money than we're making.Find a strategy that fits you and develop on it.

Our mods, like everyone else, are busy people, who typically spend the weekends with their families and working.

What kinds of rates are typical for these kinds of deals?

When a lender who holds the 2nd lien has to foreclose and pursue their cash, it typically costs around $35,000, so many of them just wait and let the holder of the 1st go through the preceedings and wait to get paid.