Wouldn't you rather put that $ to work in a non-risk, non managerial vehicle such as a CD for a similar return?

Lis Pendens Filings •1681 Mortgage Related Foreclosure filings •1775 total Lis Pendens Filed •88.4 Per Diem in filings •121 per diem filings for the month priorDeeds Via Foreclosure682 Deeds were transferred via foreclosure from the courts.Notes•The same players in filings and deeds remain throughout the trend •Fannie and Freddie getting lots of deeds •Countrywide appears to be working on the backload.

Your best bet for something like this is to get a CD for 5K...

I will ditto pandora.com.I recently found it as a free service thru my new blu ray player.

It's a very good bood/cd course.

What would be the one, single course, book, cd, etc that anyone can recommend to teach me every last thing I would need to know to get running out the gate when I finish it?

Please sign up for my $10,000 seminar on how to make ridiculous profits in real estate (free CD included).

I am still a full time Title Examiner at a major player here in Michigan.

As collateral, I can use 80% of FMV of any stocks or CD's, 90% of cash value life insurance, 90% of assessed value of my properties minus loan balances OR 80% of appraised value of my properties minus loan balances.I thought it was interesting that they will allow discounted collateral off of either the appraised value or assessed value, because there can be a huge disparity between the two (and assessed values are almost never accurate in my area).This particular lender will also occasionally do commercial loans on residential properties, but they will only do a couple of those normally (which is why I'm going for a BLOC).I am working on pulling my stuff together for them, so we'll see how this shakes out and how much I can get approved for...

Originally posted by Alan Brymer:Here are my observations: 1) You have to get a bigger discount, whether you're wholesaling or not 2) There appear to be fewer buyers to wholesale to now who have cash, so work harder at building a list of real players 3) Private lenders are a little more wary of loaning on real estate, but you can just show them in more detail how you buy at big discounts and they understand.