I think that virtually every comp is now irrelevant because the mortgage rate environment is so different.Maybe I am chicken little who thinks the sky is falling but if we don't reevaluate the deals we have made offers on already, we may end up with approvals we can't resell.I think prices in general have to adjust down big time in one click just like mortgages adjusted up in one click.Yes, maybe the loss mits will not agree with our new valuations just yet but such is the nature of SS.The great deals always come at the END of a crises.

Since we can't have a beer face to face, here's the next best thing (a couple virtual pints of Phat Tire beer: :beer: :beer: My treat!

I don't have a real estate investing club in my area (that I can find) and am looking forward to virtually connecting with other investors.I have been mentored by an investor in the West since Jan 07 and have met another investor in my town (Burlington, VT).

I've read everything I can get my hands on regarding this, and it's clear that Sub2 can be both completely legal and ethical.From the standpoint of the seller, as long as (1) they understand how the process works and (2) they understand the potential risks involved (such as the buyer dropping the ball with payments), it's a great deal for both parties.I say "can be" because I also know that many so-called "real estate investors" are indeed dropping the ball by trying to do Sub2 with virtually no money, no funds to fall back on if they need to handle the payments themselves.

I understand it mars your credit something horrible and virtually makes it impossible to purchase anything via credit.

Teaches you how to outsource your life with virtual assistants for 5 bucks on hour.

Try to locate a real estate virtual assistant in your area.

Hi, my name is Rebecka and I am a Virtual Assistant to Real Estate Investors.

If your call level is more traditional (9-5, weekday only) then you can use a virtual assistant or other form of staffing.

With virtually no real cash flow and only 3 properties, you should probably have $5K to $10K in reserves.