Not my type of strategy, but whatever floats his boat.

Flashy cars, big boat in the water, work 5 hours a week....all seem to go hand in hand with the TV guru's.I know a lot of the guys from the 80's have filed BK, done jail time or are just broke.

Thought I would bump this thread, since Im in the same boat - lining up resources to find motivated sellers.

You seem to be in the same boat as me.

Hi Jonny, im in the same boat, only in oklahoma .I called a friend of mine, met him 15 yr, ago when he sold me my home.now he has his Brokers lic.

I am in the same boat, looking for a group, however I am trying to locate a smaller group of investors, I feel that it would be more condusive to my learning versus a large group of guru's and sales pitches.

I happen to be talking to an accountant today and he said (I know he's not a lawyer) that for me to do any such transaction, and FSBO also fall in this boat, you are opening yourself to suit if the buyer claims what they've been sold is not per the original agreement, or something similar.

Generally, I think its better to own expensive doo-dads, whether a car, a boat or the house you live in, free and clear.

I'm in the same boat, and will be watching you :-)

It (the LLC) is a business and if I need to foreclose I don't have to observe a boat load of new regulations (new state statutes) that may severly complicate the foreclosure process.