Once I concentrated on one, I started kicking butt and taking names.Come to a live RE event here in So Cal, lots of great people to meet.Will

You should concentrate on the loan and let the house ownership land where it may.

. :)Specializations in RE can go in many directions;Concentrate in working with a group of clients like, teachers, law enforcement, city employees or say a local union.

I bet at times it is difficult to concentrate on working with all that scenery and thrilling things to do year round.Have you poked your nose around the San Luis Valley area much.

I concentrate on single family homes...I've acquired a few in the past year and they have been great!

Originally posted by Darryl Smith: What area will you be investing I plan to concentrate in Jackson,MS since I can physically see the properties and be hands on here.

sounds exactly like my situation. just ride it out...concentrate on trying to raise the rent each year, or upon each turnover. if you want to sell the property, you'll have to come to the table for maybe $100k when you considering the selling/closing/holding costs. you could try to do a short sale, however, sounds like an investment property and they will come after you for the difference unless they agree to cancel the debt, in which case, they will 1099C and you will owe the IRA the phantom tax of the loss.

The number of lakes concentrated in your area is astounding.

Cash was certainly harder to raise and banks weren't really lending very readily so it was hard to take as big of advantage of the downturn as I'd like to have, but it certainly didn't sink us.As long as you're diversified and not highly concentrated in assets that get mauled during the repression you should come out okay.

You might consider joining one of the Real Estate Investment groups, as well as tie into a few good real estate agents to develop a working relaionship with in the geographic areas you wish to concentrate in; and you might consider some JV deals.