The only expense would've been taking a little bit longer to become self-sufficient, but I certainly would suggest that to all the young investor starting out now.I feel that I have done everything I can to be prepared financially for the ups and downs in the economy and if you research previous posts and threads that I have entered into you will understand my thought process and hopefully the methods to my madness!

Screening is necessary, but not sufficient.

By the same token... why are you always offering 10% below list?

You should see whether the proceeds of the sale that are to go to the seller would be sufficient to pay off whatever is found.

If you are having trouble with financing, one of the following is wrong:You do not have sufficient knowledgeYou do not have sufficient skillYou are not hanging with the right peopleYou are not successful at sell yourself – which is a higher form of negotiating.Hope this helps a little

Originally posted by Wayne Brooks:I know the 10 day redemption applies to the Homeowner-if he can pay off the full judgement, but I didn't think it applied to junior lien holders.If the junior lien holder has a sufficient equity position in the property, they will often be one of the bidders at an auction.

Really if a LLC has sufficient collateral along with the property the personal guarantor should be relieved... any thoughts?

Simple negligence is not sufficient to open an LLC member to liability.

Look to Detroit, certainly not a small town, but even there the population remaining is not sufficient to keep properties occupied and retain values.Land and improvements owned is a good hedge as rents or income produced does not hinge on meeting any liabilities, with the exception of taxes.

Not my bank stmt.No bearing on negotiations Each deal is its own llc with own business account.Its own mortgage or cash deal.So do you have your bank draft a letter verifying you have sufficient funds for the offer?