Try to limit the # of contingencies in the offer.Cash offer with quick closing may help, and a hefty earnest check (maybe 10-15% of the amount) will show that you are serious.Full disclosure Ingrid: I have yet to close my first REO deal (not for lack of trying) so my words are for encouragement more than expertise!

Should I invest my limited funds into a 'skip trace'?

Originally posted by "ARaymer": We have never ever received a bill for any of the previous years (except for last years fee of $60)Generally when a debt is that old (if it isn’t a scam) whatever statute of limitations has passed.

Next one is next weekend: July 19...call me to sign up...limited to 4 people.Look forward to networking w/y'all.!

I'm considering buying a multi-family property with approximately 100 doors. The NOI, based on the forecast provided by the on-site management (extrapolated from previous years), is $220K, though this is after $60K in...

COUNTRYWIDE In my geographic area is doing a program STILL that is not setting ownership limits.

July 17, 2008Welcome to the BP forums.Education is key and knowledge is power so it is good to read everything you can.There are several avenues of real estate investing... residential, commercial, reo (bank owned), auctions, pre-foreclosures, foreclosures, short sales and so on.Each is unique in its own way and every deal varies.

If you have enough properties (or a large enough single property) to make good use of employees, I feel it is the smartest way to operate...as long as you A) LIMIT the types of work (to minimize injury risk...a worker's comp experience mod increase can put you out of business); B) pay what is necessary to attract a WELL qualified employee (NOT your typical "handyman"); C) are an efficient project manager, or are willing to delegate that task to the employee...and generally support his decisions/timelines.If you try to micromanage...you will have turnover, which will be more costly than hiring a contractor.

I understand it is somewhat limiting, but it seems to me that paying off the house you have, buying another, paying it off, buying another etc. is the safest way to go.

But the right to a one-time rollover from IRA to HSA (with limitations) is very interesting as a way to get some funds started.