The investor will buy at the corrected market level which will in truth be current market price point.

Any other assets I have are tied up and can’t be liquidated easily and definitely wouldn’t cover our retirement.I do have the option of borrowing from a hard money lender, but truthfully I would rather not go there until I can prove to them and myself that I can do this.

Reed has about 40 years of experience and has written over 20 titles that I know of so I think he is pretty qualified to speak the truth.

Who knows what the truth is.Whether they will counter?

The real truth is, if it were that easy, everyone would do it and there would be no gurus selling their products and services, they would be out working a few minutes each week to make their easy millions.I have received emails from my contact for REO deals, spent 20 minutes or so doing some paper due diligence, made a 2 minute phone call stating send me the contract, executed the contract, send out an email blast, read 5-10 quick emails, locked up a buyer and walked with $10k, $20k, and even $40k in profits.

You don't know these people from Adam, whether they are telling the truth about their situation, etc.

I rely a lot on my gut, typically if I am not comfortable with them or think they are not telling the truth about something, I pass.

Why let anyone deny YOU the right to actually KNOW the truth. 

Consider the source of the announcement (Obama) Doesn't exactly have a record of truthfulness.

The answer is always the same (or should be) and that is, YES, BUT IF you buy right, know your market, and have a plan and means to execute it.The "R" word is a common word that comes up, the truth is, risk can be mitigated with the right strategy for the area and the right price for the investment.What do you want to do?