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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: RetiredNow who wrote (108889)	6/29/2010 3:16:11 PM
From: Paxb2u	4 Recommendations Read Replies (1) \| Respond to of 110194

In these times, I like to look at it the other way around. I have a place to sleep and I'm not loosing money--Peace

To: RetiredNow who wrote (108889)	6/29/2010 3:35:32 PM
From: Broken_Clock	Read Replies (2) \| Respond to of 110194

MM Try doing some hard money loans. Do not go above 50% LTV on a first, be sure to use a reputable title company... and make sure you can accurately ascertain what the property will be worth in a year or two...which may very well be when you own it. The guiding principle is what would I pay for this property is two years given RE will still be cratering then. You can take your time and learn a lot about it in a fairly short amount of time. I would be leery of candidates that come to you with outdated or suspect appraisals that inflate the value of their properties. SFR is best. Commercial I would be wary of.... Better to spread risk over more properties at smaller loan amounts that one big one.