I did a lot of investigation for the three days I spent there and found that they are building a lot of new homes and infrastructure to the SW and continueing to the NW in Rio Rancho etc.

I'd have to agree with everyone here...I'd have to look at the property, see the title documents and do some investigating before buying property on Ebay.

We have purchased the land and have preliminary entitlements to build.

Construction Items required in a Preliminary Package1.Project description (which includes number of units, proposed pricing of units, total costs, per plan costs, profits, proposed equity and proposed loan amount, any subordinated debt)2.Project cash flow3.Location map4.Cost breakdown 5.Market study - if available (an internal or third party study)6.Sequence list (including lot number, plan number, base price, proposed premiums) 7.Biography or resume of key management8.Authorization/Release for Business and Principal9.Borrower’s Certificate of Past Credit Relationships (attached)10.Banking references and two sub-contractor or supplier references (attached)11.List of all current projects (location, price range, size range, sales rate, JV partner, lender) (attached)12.Financial Statements for borrowing entity and guarantor(s) (attached)a)Current financial statements, indicate book value or market value basisb)Statements must accurately report all assets and all liabilities (include contingencies)c)Statements must be signed and datedd)Signed tax returns for past two years (please include all K1’s)13.Financial Statement Certification (attached)14.Tax Return Certification (attached)15.

The same time one will spend on the get rich quick schemes could be applied with a bit or ambition to investigate things that are legitimate.

I'm going to have to take the next 5 months off to go help Democrats get elected in some competitive districts so that we can get some HONEST investigations of this bunch of crooks and liars.Please don't flame me as being a "big government, leftie liberal.

I've read almost all of Richards books and while they aren't strategy based, they have allowed me to broaden my thinking and investigate more ideas.

After some investigation and talking with my lendor, I found out that it would be very difficult to get funding on a brand new LLC and the increased interest rates was not worth it.

I would do more investigation into the place, maybe ask for a second opinion from another agent.

I know I'll have to really investigate the property to minimize my risk - so I may not be buying quite as many houses as the person who might be buying and wholesaling.