You can get more info here: http://www.meetup.com/Los-Angeles-Asian-Real-Estate-Investors-Meetup I've learned a lot from him and can't recommend him enough.Due to work I can't make the meet but I will keep my eyes peeled for more meetups.

My immediate efforts have been directed at wholesaling, with an eye peeled for a property I can fix and flip or buy and rent.

In another thread @Samantha M. asked me;How did you ever get these accepted, and how did you know you could offer so low.Here is a house we bought for $1,200 and wholesaled for $17,000As you can see it is in horrible condition, however on the inside the renovations had been started and there were permit inspection stickers.

I have been a Long term buy and hold investor for over 15 years now, and most of my properties are older and I thought I had seen it all....I bought a house built it the 30s that had calcimine ceilings that had been painted over when the house was rehabbed...I had never heard of calcimine ceilings before this and when my tenant called me a few months after they moved in saying ALL the ceilings were peeling badly I honestly thought they were over exaggerating but they weren't!!!!

I've picked up some occasional one off deals from various portfolios who bought DebtX stuff in bulk and just keeping my eyes and ears peeled for opportunities.

You can also just put them on the doors of houses that have deteriorating roofs, peeling paint, long grass etc.

Maybe because the garage siding was peeling off and ugly?

Still a person might want to wear gloves and a dusk mask but that is about it, and you only need to empty the thing out about once per month if that much but you might want to do some research on this product as the entire system will run you about $15K.

There can, have and will be issues of any equity funded loan that is purchased later for cash in foreclosure, tax and bankruptcy issues as a new note holder will then have a cash basis.What is going on, for the non-lending types, is that each aspect of secured financing is being peeled away into fragments or stages of origination, processing, underwriting, loan terms, funding, collateralization, collections and servicing where each specific function is falling under new requirements for compliance and to be performed by qualified parties holding an appropriate license.Last issue at this point, loan classifications are made under several considerations, type of collateral, the borrower, use of funds and other considerations.

My name is Mike Peel and I am new to Bigger Pockets.