Hi everyone, I'll make this short and simple, anyone know where to come across L/O contracts out there that are the most acceptable?

Rich Weese Thanks, I think....Hope your trip home was short and pleasant.

In fact, it was removed from the box, and the connection was shorted with TV cable wire!

It's an easy, short read and talks about what to look for in notes.

Distressed properties (Foreclosures, short sales, REO etc) are readily available and are being sold for cheap.2.

But I would assume you could just as easily wholesale a short sale deal as you could anything else.

Im doing one right now to keep for retirement, it is coming along really great, completely stole it, ALOT of people came to see the house but no one picked it up couldent believe it, some people are so short sighted.

Also, if I have to evict - and in most cases my tenants are not collectable - I get the month rent, plus court fees, plus some extra for the holes in the wall.To your question 3:Short answer: yes.You have to get the judgement.

Another strategy is to have enough cash to make the acquisition of the property and then use credit cards or personal lines of credit to fund the rehab.First lets concetrate on your short term needs...You need to finsih that house and get that HELOC sqaured away so you don't siphon funds away from it for personal use.

In some situations, it's highly beneficial to work with the listing agent, eg. short sale, especially on rental worthy investments which are really hot in SoCal right now.