Since I don't have much to offer anyone in the art of doing deals.  I thought I could help out by offering some assistance with any questions regarding construction, both residential & commercial, practices or any other questions one might have.

Just reply with your question and I will try to answer to the best of my knowledge.  Or you can just shoot me an email.

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I had a thought about a possible solution for those facing foreclosure and I wanted to run it by a few people here to see for one if it's legal and two if it would work.

What I'm thinking about is if someone is facing foreclosure and I buy on a short sale for less, then turn around and do a lease option with the same seller for a price higher then what I paid. Here is a scenario that I'm thinking of.

I buy a property with a mortgage of $100,000 for $80,000, then turn around and do... continue reading >>

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Has anyone ever dealt with Asbestos siding before? I'm wondering about the cost and measures you have to go through to get rid of the stuff? I looked at a potential rehab last night and that was one of the things that need to be addressed.

One another note, there is house next door (owned by the same person) that is for sale, but the last renter blew his brains out in the bedroom. So my question is, has anyone ever bought and sold a house that is tainted with murder or suicide and did you have... continue reading >>

I found this site that tells you how the foreclosure process works in every state.  Good to know if you want to start investing out of state.  It also looks like they are going to start selling info for foreclosures as well.  I thought it might be useful for someone.

http://www.lookforeclosures.com/index.html

Bookworm

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I was listening to a CD set from a guru investor yesterday and one of his suggestions was to install a carport with his rehab properties that don't have a garage. At first I thought this would be kinda of....well.....cheap. But then I thought about it a little more and realized that this is a great idea and the ROI is huge considering the cost.

Most of those metal pre-built carports around here sell between $695 - $1,295 depending on what all you get. This little investment could bring in a few thousand more on... continue reading >>

I thought it would be interesting to find out what everyone thinks their number 1 source of information is.  What one book, CD, coarse, website (except for this one :-), or seminar that they got the most bang for the buck in terms of information they got out of that source.

Reply with your #1 and maybe we will all learn from your source. 

Bookworm

I'm now on my own as of Tues.  I put in my two weeks at work and it turned into getting fired.  I guess I shouldn't have told him how I felt.  Now I have to decided the best path to take in order to launch my real estate investing.  Should I get another job or go after investing with some wholesale deals?

I'd like to get some input on this from some seasoned investors.

Thanks and happy investing,

Bookworm

The only creative name I could come up with (that isn't already taken) is Solutions Now LLC.  It has a sense of urgency that I think many people will remember.  Tell me what you think!

Just send a text to 48490 and enter................Just kidding!

It's your chance America!.

Bookworm

And don't even think about using it for yourself :-)

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Here is a wonderful idea that I will share with everyone. Some may already be doing this but it's still a good idea.

Make up flyer's that include a picture of the property as well as all the information about the house. Your typical Realtor open house flyer. The only difference is that you include three mortgage options for that house. They might include a 30 yr fixed with 10% down. A 30 yr fixed with 0% down and maybe a 15 yr fixed with 10% down.

Show the buyers what the... continue reading >>

Can you assign a purchase agreement or only options to purchase agreements?  My guess is that you would have to double close the deal.  I have a short sale in progress and wanted to wholesale the house to another investor and wondered if I could just assign it. 

Thanks for the help,

Brad