According to persons I've talked to at REIA meetings apparently I've chosen some tough areas to focus on in real estate investing (buying and selling non-performing notes, bird dogging/wholesaling and out of state foreclosure prop owners with the intention to move into a couple flips and buy and holds by the end of this year).I can't focus on all of them at once and have decided to work the bird dogging/wholesaling and note buying at the same time for the next 2 - 3 months to determine which marketing strategies work best for finding leads and establishing relationships with banks for the states I'm interested in.I've known this person for about 10 years and he is very successful at wholesaling/foreclosure/short-sale/flipping.

The payouts are usually higher but you have a ton of risk and financing on those deals is very tough to get.

My understanding is the P.A. has 4 or more brokers that the county is working with, so this may be tough. but per Rick Harmon on another probate site, any evidence of a listing agreement??

Fix and flipping seems tough because its hard to find starting properties with enough room to turn a profit after all the costs.

YESNOMAYBEAsking Price NOTESRENT RATE (Check Rentometer.com)Made an Offer (Making an offer over the phone is tough depending on what market you're in and if it's a FLIP lead or a Buy & Hold)YESNOACCEPTEDREJECTEDMAYBEAccepted OfferSeller's Schedule to Visit (Notes)Date to Visit PropertyWho is Going to PropertyEstimated RehabMAO (Maximum Allowable Offer)Sent Purchase AgreementLead SourceDriving for DollarsBandit SignsProspectingWholesalerProbateAbsentee Owner

Thanks for sharing @Bryan Hancock , the conference on Thursday and Friday should prove to be very lively as this topic will certainly come up a lot.

Bless you for trying your best to help your aunt out when she was in a tough spot.

If they do not prove satisfactory, I'll happily give your friend Walter a call.

The latter basically says we can't contest the value if the property is sold at auction, and offset any deficiency if the property is proved to be worth more under the law.I realize this is NR, and it's not like we're going to violate any of the bad boy carveouts, I just don't like waiving rights afforded by law or otherwise.Has anyone that assumed a FNMA NR MF loan ever waived similar rights?

For example, if the highest and best use for one of the lots was a single family home that would resell for $500K, would cost $250K to build, would cost $50K for the developer in soft/holding costs, where the developer wanted to generate 15% return ($75K) and you wanted $25K profit, the price a developer would pay would be around: $500K - $250K - $50K - $75K -$25K = $100K Of course, it's tough for you to know all that info, so you need to do some research and talk to local developers.