I am a victim of the real estate crash ten years ago where i was setting panalized homes all over the northeast.

Again, with taking the advice that is listed above,. about incremental draws.I am new on the forum, so I appreciate your help- I do have a lot of experience with contractors and did do flips years ago, before the crash- Many Thanks

Granted, this was during a housing crash that I, nor most others predicted. 

At some point in the future there will be a foreclosure, their credit score will crash again, and they will have to start all over rebuilding it.A credit score rehabilitates faster after a short sale than after a foreclosure.

We have an oversupply of NP notes still around from the big crash, so now is an excellent time to educate yourself on this business. 

Things really took off because the market crashed and there wasn't much competition or bidding wars!!!  

You have two choices, either pay the current price or wait for the next market crash.

If I told you to save up as much Cash as you can and just wait for the next Crash to Buy when there is Blood in the Streets...would that make sense?

I bought it in 2005 before the crash. 

Not for me and my wife as we went from millionaires to bankrupt in a few short years with being highly leveraged during the last RE crash.6 years or so after the Bankruptcy we now own our home (about $650K) free and clear.