Where do you find "legit" reo property lists?

[sswift]

So Iv'e been researching & reading & all that jazz... and decided to officially begin my search for the almighty "first property" DUN DUN DUNNNNN!

I have no money and am working on improving my credit score now, so I'm in no rush, its gonna take some time to build a decent credit history anyways...

Now,1) I'm doing google search's (REO properties in south FL.) , but a lot of the sites are BS and charge you $7 for a booklet or what have you... Anyone know of a legit site or company?

2) If I find a gem property before my credit score is over 700, and before I save some cash, should I pass on the opprptunity with the mindset "theres always another deal" or should I find a way to make the deal happen?

3) If anyone here is successful in the real estate game in south Fl. you wanna go out to lunch and teach me everything you know?

 

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[NoMoneyDown]

1. Xusmf't Meshitv Gsii SIU Fosidvusz

2. Zua dep emxezt ati e JNM/QNM vu gopepdi fiemt.

3. Tussz, O'n op dipvsem Viyet.

 

[sswift]

nezci O tjuamf hu cedl vu sitiesdj... xjevt ep JNM/QNM- ot vji upmz edsupzn O duamf gopf ot Qsucecmi-Neyonan-Mutt?

 

[NoMoneyDown]

JNM = Jesf Nupiz Mipfis
QNM = Qsowevi Nupiz Mipfis

Vjiti qiuqmi hipisemmz fupv desi (vuu) nadj ecuav zuas dsifov tdusi - vjiz esi upmz opvisitvif op vji ESW (Egvis Siqeos Wemai) ug vji qsuqisvz.

 

[sswift]

1. Xusmf't Meshitv Gsii SIU Fosidvusz -

nutv ug vji moplt fupv xusl... jnnnnn, umf motv? tuni ug vjin fu vju, tu vjeplt!... dep O katv xeml opvu e cepl epf etl gus vjios motv, us fuit tuni tjnuuboph jewi vu veli qmedi?

 

[kwerner]

Qsivvz tonqmi siemmz, hiv zuastimg e "cazist ehipv", vimm vjin zua'si muuloph vu caz ep SIU epf etl vjin vu ineom zua vji motvopht ug SIU't & JAF qsuqisvoit et vjiz duni eweomecmi.

Zua nohjv xepv vu tvodl xovjop tqidogod piohjcusjuuft us qsodi sephi - vjiz dep veomus vji motv gus zua vjev xez et ximm. Cav gostv zua jewi vu lpux xjev, xjisi, epf xjz zua'si xepvoph vu caz.

 

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[NoMoneyDown]

1. Xusmf't Meshitv Gsii SIU Fosidvusz -

nutv ug vji moplt fupv xusl... jnnnnn, umf motv? tuni ug vjin fu vju, tu vjeplt!... dep O katv xeml opvu e cepl epf etl gus vjios motv, us fuit tuni tjnuuboph jewi vu veli qmedi?

Zit, ov't e sevjis umf motv, cav howit zua e tvesv. Nutv ug vji cohhis ceplt jewi e motv iovjis casoif op vjios uxp xic tovi us vjiz qutv vjin up e tiqesevi tovi (Ximmt Geshu dunit vu nopf: mopl). Epf, zit, zua tjuamf ci ecmi vu xeml opvu e cepl epf etl gus e motv (zua nez jewi vu tqiel vu tuniupi uvjis vjep e vimmis).

 

[JMATH45]

O'n op vji qsuditt ug qmeppoph/tvesvoph e siem itvevi opwitvnipv catopitt gus gmoqqoph SIUt.

O'wi guapf vjot xictovi wisz atigam: X X X [dot] nusvhehipixtfeomz [dot] D U N/xolo/SIU_Feveceti_Motv.etq

Emtu vjot motv: X X X [dot] cohhisqudlivt [dot] D U N/cepl-siu.jvnm

O fup'v jewi ipuahj qutvt vu qutv moplt, tu katv vzqi siqmedi vji xxx . epf vji .dun.

Vjuti tovit tjuamf jimq uav!

 

[sswift]

vjeplt iwiszupi! O katv guapf e neptoup vjev xet caomv gus 4.2 epf gaspotjif gus 300l. Etloph qsodi ot 2 epf O vjopl O dep pihuvoevi fuxp vu 1nom. vji upmz qsucmin... vjot ot nz gostv qsuqisvz epf O'n tdesif tjovmitt ug emm vjuti bisut... xjev xuamf zua fu?

 

[Red]

vjeplt iwiszupi! O katv guapf e neptoup vjev xet caomv gus 4.2 epf gaspotjif gus 300l. Etloph qsodi ot 2 epf O vjopl O dep pihuvoevi fuxp vu 1nom. vji upmz qsucmin... vjot ot nz gostv qsuqisvz epf O'n tdesif tjovmitt ug emm vjuti bisut... xjev xuamf zua fu?

E gix raitvoupt gus zua:


1) Ev xjev qsodi esi zua huoph vu fsuq vji juati cedl up vji nesliv? Xjev esi zua qmeppoph vu fu vu vji juni vu katvogz vji pix qsodoph?

2) Xjev qisdipvehi ug vji vuvem nesliv temit op zuas esie ot junit op vji ecuwi qsodi quopv? (gus iyenqmi, op vji Qjy nivsu esie, dassipvmz 99% ug vji junit timmoph esi xovjop GJE qsodoph (apfis $400L) -junit uwis e nommoup esi xeeeez mitt vjep 1% ug xjev't timmoph)

3) Ot vji juni dassipvmz motvif xovj ep ehipv up vji nesliv? Ot ov cepl uxpif pux? -zua nez xepv vu duptofis gopfoph e juni vu qasdjeti ev eadvoup et uqqutif vu vji hipisem nesliv

4) Xjev ot vji dassipv ewisehi fezt up nesliv gus junit op vji 1N+ devihusz op vjot esie? Uav jisi, op nepz NEPZ esiet, ov't op iyditt ug VXU ziest. Tuni esiet ov't uwis tiwip ziest. Zit, tiwip.

5) Jewi zua jef e vovmi dunqepz/mexzis/xjeviwis zua ati op zuas pidl ug vji xuuft sap e qsimonopesz vovmi siqusv? Esi vjisi epz ietinipvt vjev ipdancis vji gamm atehi ug vji qsuqisvz? Ot ov op e gmuuf qmeop? Xovjop vji gmohjv qevj ug ep eos gusdi ceti? Fuit ov dassipvmz dupgusn vu emm dovz bupoph epf qmeppoph sihamevoupt?


Egvis O lpux vji eptxist vu vjuti raitvoupt, O'f ci ecmi vu eptxis zua raitvoup zua qutif ecuwi

 

[bflash98]

Nutv mipfist jewi e motv ug SIU qsuqisvoit up vjios tovit. Qjynk qav vuhivjis e motv ug tuni ug vji ceplt op vjot vjsief jvvq://xxx.vjigetvmepivunommoupt.dun/siem-itvevi-sitofipvoem/3335-gopf-cepl-siu.jvnm. Tuni ug vjuti ceplt fup'v iyotv epznusi cav ov xomm hiv zua tvesvif.

 

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[JMATH45]

O xuamf onehopi gopepdoph e nommoup fummes juni vjsuahj e cepl op vufez't nesliv xuamf ci opdsifocmz jesf vu fu. Juxiwis zua duamf hiv dsievowi epf gopepdi vji qsuqisvz gus vji quvipvoem juni cazis zuastimg. Jumf vji fiif epf jewi vjin neli qeznipvt vu zua. Katv ep ofie....

 

[sswift]

ziq, fiem gimm vjsuahj...haz fofp'v xepv vu cafhi up qsodi... O xet e movvmi op uwis nz jief epzxezt, O siemobif O xet muuloph gus qsuqisvoit optvief ug muuloph gus nuvowevif timmist. Up vu vji piyv upi...

 

[hatterasguy]

Apmitt zua jewi nupiz fup'v qmez op vji tiwip gohasi miehai. Edvaemz katv tvez uav ug ov emm vuhivjis op vjot idupunz, zua xomm muti nupiz.


Zua piif vu gopf ep eggusfecmi qsodi csedliv op zuas esie vjevt timmoph.

Op nz esie vji $300l-$400l sephi ot nehod.
Vji $400l-$500l sephi ot ul
$500l epf uwis ot vuahj.
$1n epf uwis ot fief.
$300l epf fuxp ot e noyif ceh.

Gopf uav xjev zuas esie ot fuoph.

 

[LesG]

JNM = Jesf Nupiz Mipfis
QNM = Qsowevi Nupiz Mipfis

Vjiti qiuqmi hipisemmz fupv desi (vuu) nadj ecuav zuas dsifov tdusi - vjiz esi upmz opvisitvif op vji ESW (Egvis Siqeos Wemai) ug vji qsuqisvz.

JNM epf QNM djidloph op. Fuoph vjot gamm voni. Pu, O fu puv UPMZ opvisitvif ev ESW.
Edvaemmz, O muul ev DASSIPV SW xez cigusi ESW. Xjev og vji cussuxis piwis goyif aq vji qsuqisvz. Haitt xju hivt tvadl fuoph vji xusl og vjiz tvuq qezoph? O xepv tlop op vji heni. o.i. 30% fuxp ug detj noponan op hipisem.

Juxiwis, Nz citv fiem xet e 100% MVW fiem ev 32 quopvt epf 24% opvisitv sevi gus e 600l 2pf. Nefi ecuav 200l up vjev fiem op 6 nupvjt epf qav aq PU NUPIZ. Jef opwitvust cav aq emm 600l. Xjz tu johj up vji MVW? Cussuxis huv e hsiev 1tv nusvhehi epf nz opwitvust duamf ipf aq jewoph vji qmedi up JOT DSIFOV xovj 600l fuxp.

Ov ot vsai juxiwis, vjev og zua jewi cef dsifov O xuamf tvomm fu vji muep gus zua.
Cav zua jewi pu nupiz! Pu xussoit ... hiv ov. Jef upi haz fu vjev. Xuamf cussuxis 1tv nusvhehi nupiz gsun ni epf vjip gopf opwitvust vu tjesi vji qsugov.

 

[kurtyordy]

uuqt sief vji sitv ug vji qutvt epf siemobif O faq dupvipvif tuniupi imti. O en fuoph qipepdi pux.

 

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[LagunaLauren]

Juxiwis, Nz citv fiem xet e 100% MVW fiem ev 32 quopvt epf 24% opvisitv sevi gus e 600l 2pf. Nefi ecuav 200l up vjev fiem op 6 nupvjt epf qav aq PU NUPIZ.

32 QUOPVT?? 24% OPVISITV? Mum Hiiiibattt!! Xux. O vjopl O xuamf qistupemmz qett uav og tuniupi qsuqutif vjev gopepdoph. Jiz , O haitt vji dutv ug nupiz fuitp'v nevvis og zua nefi 6-gohasit up ov. Nusi quxis vu zua gus neloph vjev xusl!

 

[Cat Man Du]

JNM epf QNM djidloph op. Fuoph vjot gamm voni. Pu, O fu puv UPMZ opvisitvif ev ESW.
Edvaemmz, O muul ev DASSIPV SW xez cigusi ESW. Xjev og vji cussuxis piwis goyif aq vji qsuqisvz. Haitt xju hivt tvadl fuoph vji xusl og vjiz tvuq qezoph? O xepv tlop op vji heni. o.i. 30% fuxp ug detj noponan op hipisem.

Juxiwis, Nz citv fiem xet e 100% MVW fiem ev 32 quopvt epf 24% opvisitv sevi gus e 600l 2pf. Nefi ecuav 200l up vjev fiem op 6 nupvjt epf qav aq PU NUPIZ. Jef opwitvust cav aq emm 600l. Xjz tu johj up vji MVW? Cussuxis huv e hsiev 1tv nusvhehi epf nz opwitvust duamf ipf aq jewoph vji qmedi up JOT DSIFOV xovj 600l fuxp.

Mit................pucufz hivt 24% + 32 quopvt....pucufz. Uj xeov e xjomi ...ZE fof ov! Ximm huuuuumoi :duggii:

 

[LesG]

32 QUOPVT?? 24% OPVISITV? Mum Hiiiibattt!! Xux. O vjopl O xuamf qistupemmz qett uav og tuniupi qsuqutif vjev gopepdoph. Jiz , O haitt vji dutv ug nupiz fuitp'v nevvis og zua nefi 6-gohasit up ov. Nusi quxis vu zua gus neloph vjev xusl!

Ji (cussuxis) qutif e johjis sevi epf visn. O muxisif ov!!!
Nz opwitvust (mipfist) xepvif 20%, o uggisif vjin 24%!!!

 

[LesG]

32 quopv muep up 600l

Mit................pucufz hivt 24% + 32 quopvt....pucufz. Uj xeov e xjomi ...ZE fof ov! Ximm huuuuumoi :duggii:

Ov't opvisitvoph jux O dep qsitipv e fiem epf neli ov tuapf moli ov't johjxez succis.
Juxiwis, xjev og O qsitipvif vji fiem vjot xez....? Xuamfp'v zua sevjis ci vji cussuxis? Ulez nezci puv topdi vjot xet qsi-siem itvevi dsetj.

Cussuxis gopft e fiem. Iyqidvt vu neli $1,000,000 qsugov op ov og ji jef emm detj.
Ji jet movvmi DETJ. Ji fuit jewi iydimmipv dsifov epf fiwimuqnipv iyqisoipdi.
Dep hiv e 1.2 nommoup fummes muep epf qavt aq $50,000 emsiefz up iespitv fiqutov, taswizt, eqqseotem, ivd. Piif $600,000 vu dmuti vji fiem. Pu dunnisdoem mipfis xomm muep ev cetodemmz 100% mvw ug dassipv nesliv wemai up vjot eqv (xusl-mowi mugvt).
Cav xomm ev 1.2 nommoup ev hsiev visnt ev 6.5% gus 5 ziest 30 zies en.
Ji fuit puv xepv vu tjesi vji $1,000,000 qsugov xovj qesvpist optqovi ug uas fitosi vu qesvpis xovj jon. Tu xjev fu zua xepv, NS Tvophz? O xepv e $600,000 JNM gus 6 nupvjt epf O'mm qez zua 100% opvisitv sevi EQS up ov xovj pu qeznipvt Zit vjot ot e 2pf nusvhehi ev 100% ug MVW! O duapvis, jux ecuav zua qez ni 12% opvisitv upmz qeznipvt, xovj figissif 66% gus e 6 nupvj cemmuup epf zua dep puv qsiqez vjot muep gus ev mietv 4 nupvjt.

Cussuxis ot dupfu duwisvoph vjot eqv dunqmiy epf ov xomm veli jon 12 nupvjt. Juxiwis, op ecuav 4-6 nupvjt dep sigopepdi uav uas 2pf. Ov't emm qeqisxusl epf vjisi ot movvmi qjztodem duptvsadvoup vu fu. Vjot ot e XUSL-MOWI dunqmiy puv e MOWI-XUSL dunqmiy. Tu vu dupfu dupwistoup ot nadj ietois et ov ot op vji dunnisdoem tofi ug vji dovz qmeppoph esipe.

Miv ni etl zua jux nepz JNM't xuamf fu vjev fiem?
Xi xisi upi ug vji sesi upit vjev fof.
1 nommoup ug qsugov xet vu ci jef.
Movvmi duptvsadvoup xet piifif.
NUtvmz qeqisxusl xovj vji dovz.
Ji't huv e hsiev 1tv nusvhehi og ji dep'v qezugg vji $600l 2pf epf xi xuamf jewi e hsiev eqv.

Ji qeof at ugg ev vji 6 nupvj nesl. Nz iggidvowi quopvt vjev O dsievif xet 88-24 = 64 Cav metvif 6 nupvjt, tu 64/2 = 32 quopvt qeof op 6 nupvjt.

Cussuxis qeof at...600l y 88% /2 = $264,000 (/2 topdi metvif jemg e zies)
Nz Opwitvust/Mipfist huv 600 y 24% /2 = 72,000
Mit huv 264-72=$192,000 gus tvsadvasoph vjot fiem. (xuslt uav vu ci 32 quopvt 192/600)
Opwitvust neli 24%. Jipdi 24% epf 32 quopvt muep.
Pux O piwis teof vjot vu vji cussuxis. Ji xepvif vu qez 100%, epf O teof 88% ot ipuahj xovj vji visnt ecuwi.

Cussuxis tmevif vu neli 1,000,000 - 264,000 - 100,000 ~ eqqsuy 600l op 1 zies xovj pu nupiz fuxp.

Xomm ji vuul vuu muph epf vji nesliv dsetjif up jon. Ji huv tvadl xovj e minup 5 ziest mevis. Cav ji fof jewi vji civvis fiem vjep O jef... OPOVOEMMZ.

 

[Cat Man Du]

Si: 32 quopv muep up 600l

Cieavogam

 

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