Everyone, would love some feedback on the best way to get involved in REI.

if i try to flip it, i would barely make my money back if you consider the closing costs that were involved. don't even get me started on the fines i've already incurred and the lifestyle i've had to endure while basically living out of a suitcase, trying to get these rehabs done.

But I'm still keeping my eyes on that site.

Thanks for getting involved!

That’s true not just of international preconstruction investing but of every investment: from Ponzi schemes to worthless stocks, from Enron scandals to confidence men selling the Golden Gate Bridge… both inexperienced and seasoned investors must cast a wary eye on the opportunity and the person offering it.

A 625 score is not going to qualify you for the best rates or programs available so you need to go in with your eyes wide open.Good luck and yes there is money to made in RE it takes work and effort just like anything else in life.

It seems like a win win situation, they don't loose their credit, you get a property for cheap, you can give them some extra money that you didn't pay for the home as some incentive, and they won't tear the crap out of the house like most people do when their home is foreclosed on.What are the risks involved?

On a good day to the right person if the sun is in their eyes it might bring 140K after it is connected to city water, it has a cistern currently.

I have done a lot of them, and would equate the extra work to doing an REO because there is a lot of paperwork, and phone calls with the lender involved, and in addition to that most of them require a lot of repairs, as these are already in foreclosure, and most of the time the owners have pretty much trashed the place, and it is a piled up filthy mess!

I've read a few articles on it, but they are pretty unclear on whats involved.