Starting with patience, focus on your destination (and you arrived), and importance of TEAM members (in this instance the attorney and recording your contract).Thank you again for sharing.Success is found in each step of the race...not just in crossing the finish line.

@Grace Ng, it still may not be a loss, so long as you now use the information and experience that you have GAINED to motivate you into taking the action necessary to bring you back to even keel and POSITIVE momentum financially.Expensive education can still get you to the same RICH destination as right-priced education - just takes a bit longer to recoup the initial outlay.

Also, it seems a lot of places are choosing KC as a top destination.

I'll cruise by in the morning and post some pics and more particulars.  

Rehab was cruising a long during the first part and we thought we'd be completed early.

I believe success is not a destination.

Hey guys, so i went out for good 1.5 hour drive for dollars cruise and found (10) properties to follow up on.After looking them up in the county database, i found 2 or 3 that are bank owned.Just curious, have any of you been able to contact the bank and make a deal?

If all you focus on is the destination, you'll miss the scenery of the journey. 

Account Closed  you have set these up in a most precarious manner... and I know gurus and others talk about doing these deals this way.you buy owner finance or sub too... then you resell owner carry on a wrap.. and the thought is you make the delta between the underlying mortgage that you have and the new buyer..But these are really just sub prime deals that are destine to default.. it would be one thing if you owned them free and clear ... but you don't so what's happening is your obligated to pay on the first lender .. while your wrap payee is defaulting.. thereby putting you in a very negative cash flow situation.. and on top of that you have to pay the 2k or so to foreclose to get the asset back and will probably have a damaged house.while this sounds great on paper.. the defaults are constant and at the end of the day many lose a lot of money and the people you bought from the original owners either sub too or owner carry are really at jeopardy.. as you will soon find this very costly...

David J Dachtera"Success is not a destination.