If they have lost a lot of money on paper and much of that can be recovered by loan modifications they will be pushing for change.John Corey

I am trying to recover from losing my rei company.

It can buy you valuable time to get a plan to recover.

“Something” else came up and it made your budget get into disarray and it took some time to recover.

You started with a classic mistake (one I see even "veteran" investors do) but recovered nicely.

Plan on holding it for at least 10 years from the looks of the market cycle in the area.It is not your standard rental at the moment but eventually when I get a few more rentals and the economy recovers, I will be able to rent it as a single house.

Being late on a mortgage payment is the single worst case you can have as they will seriously hit your score hard (usually 40-50 points min.) and it takes about a year of NO late payments of any kind to recover from it.

Higher quality properties are also more likely to increase in value once the economy recovers.

Buy/rehab/lease properties at 25-35% gross returns, season for 90 days, re-appraise, seek 75% private financing, which should typically recover all of your initial investment.

Finally, the court rejected the argument that, because they had already reported the cloud on the title before the transfer to the LLC, the Gebhardts should be able to recover under the title policy.