Not being chicken little here but I've heard of one occasion where a disgruntled & mentally ill tenant went to a landlords house and...ahem....did some damage let's just say....because they knew where they lived.

They had to lie (i.e., do a stated income loan) to qualify for the teaser rate.

She knows those chickens and her customers are her source of spend-able cash.

They are all LYING TO YOU!

That is just a lie!

:chicken: The second client had to get a pre-approval from the bank that owned the home (even they had been approved by BofA).

The education, if applied, is extremely informative and you do get the network of people that are involved in the community.The problem lies where people forget that they want to become real estate investors and they turn into slimy salespeople trying to sell you a ridiculous 20K package in tough economic times in order to make a 10K commission.Just my .02If you are reading this and are considering joining NRU.

Also keep in mind that not all expenses will be available to you and many sellers hide/lie/etc. about the real numbers.

He wont return my phone calls, constantly makes up excuses, lies to me and puts me off when I tell him to meet me for a showing.I'm under contract with him and I want out.

I don't have the 100 or 150k lying around and wonder if a temporary line of credit would be the way to go.