Of course it would be cheaper to form one but I am in the beginning stages of each but I like to form a firm foundation and make sure I am ready for each before I dive right in.

At this stage, I'm really just trying to educate myself about the RE business and this specific market, but the area of interest for me is SFRs, condos and/or multis that I could purchase at deep discounts to buy and hold and rent out.

Think i'll go drink some hemlock... just kidding, anyway.. in this situation where i'm not in default, and my mortgage doesn't adjust until 2010, do i have any leverage to try a loan mod to get out of the interest only aspect of my loan.. i'm getting the impression that these lenders will only deal if your in some stage of default.

From the owner list you can check the court records website to actually see at what stage of foreclosure each and every home is in.

Usually we just break the job down into weekly payments since most folks are not qualified to understand job stages.

Thanks, I am just very proactive in the REO and pre-foreclosure stage

During my 14 day escrow (which I didn't need)*Well since I had a end buyer that was able purchased it the same day I got final approval, I opened ecrow that day and had a 14 day escrow just for marketing purposes(FYI....the end buy was working the loan during the short sale neg. stage)

In the early stages of my wholesaling career I put a package of 4 houses under contract at what I knew to be a good deal and went to town trying to sell them before I closed really out of necessity more than anything.

I am still in the process of waiting to close on our first house - got it for $12k - needs about $12k in work.Now we found another house that's in an awesome location - 3 blocks from the best elementary school in town (population 28,000), Assessed at $49k they want $30,900 DOM 4 days.

hi timadd me to your listif you look at my profile I am here in sydney and I am looking at the same as your last client.not sure if the way we are looking at it is the same as your last client.I would be very interested in what structure athey bought inand how they put the buying entity together.what and who they used for their legals and tax as we can mirror the way they have done it.I think funding is not the major issue as there will be lenders to lend if we buy right.we are a start forward type of buyer.and usually very straight shooters.we have a way of buying the 35 to 99k properties and then we call them pooled loans not sure what you call them a bit new at your neck of the woods.I would like to get into the buy hold refi and use the same lender to fund into australia but thats a bit down the track.the more info on the structure the better at this stage and if that requires us to buy a property to learn we will