Well, a friend of mine (very wealthy) participates in funding some loans this bank makes.My current set of questions will revolve around what their lending guidelines are, what types of portfolios/properties/deals they'll lend against, if they have any bad assets/loans on their books they want to dump, and where/how a small fish like me can become a bigger part of the food chain.

I guess its just a culture shock for us as to compared to the bustling and happening city from where we came from.

Hi Andre,Love New Orleans and the culture...visited 3 years ago.

It's so disheartening living in a state that has every conceivable industry, tens of thousands of acres of farmland that is blocked from use, and if it were a country could be one of the most wealthy in the world, yet the mismanagement by our state government for decades has cities rushing to file for bankruptcy.

I am considering approaching a few wealthy investors I know and giving them a proposition like this...Example, I buy a $400K home, which requires a $80K down payment.

Here, money is the bottom line, you have the opportunity to move yourself socially as you become more wealthy.

Shannon, The best rehabbers have become very wealthy flipping houses, and the worst have become broke.

Here are some links for due diligence in Massachusetts and New Hampshire - (Moderator, no affiliation)City-data.com (demographics, building, crime, pollution, commerce)Neighborhoodscout.com (schools, crime, propery appreciation – paid site)Psk12.com (schools)GIS data – more than geological, cultural & socialhttp://www.mass.gov/mgis/massgis.htmhttp://www.granit.unh.edu/

You can certainly get wealthy but not by working 1 hr a week and watching your accounts fill automatically with money.Real estate takes work especially when you are starting out with little knowledge, no contacts and little idea of what a solid real estate deal really is.Another false image is that you can be buying properties with little to nothing down on a regular basis.

Apparently he is very wealthy and has accomplished this from real estate investing.