SORRY....THE BANKS HAVE MADE ME BITTER FOR THE MOMENT...Then to TOP IT OFF....YOU HAVE ACCESS TO FOREX PRINCIPALS IN THE INST BANKING INDUSTRY THAT HAVE THE CAPABILITY TO DO THE CURRENCY CONTRACTS IN EXCESS OF 5 B AND UP...YET THERE'S NO REAL USD PROVIDERS TO BE FOUND TO MAKE YOU BE BETTER THAN A LOTTERY WINNER!

Unless you qualify as a "real estate professional", you wouldn't be able to deduct your excess passive losses (losses that exceed your passive income) against your other income.I know you're hating to pay all those taxes.

Keep in mind, though, that, in addition to the excess formaldehyde problems with some of these trailers, many were also vandalized and had components missing from them.

Buy where you get cash flow in excess of $100 per door.

You will need some cash to cover miscellaneous costs and the excess over the 70%.

You would need an additional $10K or so of your own cash to cover the excess of the rehab over the loan amount ($3K), the points (about $4.5K), and your holding costs (taxes, insurance, utilities, etc.

Moral of this story is to make sure you have proper and adequate (if not excess) insurance coverage, particularly when you have multiple properties (multiple possibilities of litigation).

To date, we have closed in excess of 30 deals, and have 17 in the pipline as well as another 10-15 SS's we do for realtors.

This of course does not consider you getting other additional (in excess of 4) from local banks who carry their own paper and thus do not have the same guidelines.

Someone would bid well in excess of the $1 million owed.