Short-sales are for people with no assets and down on there luck; not independently wealthy individuals who want to strategically default on a loan they willingly took out.

2010 will be the year I...1 add more 'cashflowin like a son of a gun' multifamily properties to my portfolio2 organize my companies strategically with my accountant3 put items in my company name, such as truck, phone, etc. 4 make enough money at my sales job to qualify for nice loans....would love to purchase a downtown condo for myself and hold onto for years to come5 take time to get back into my improv group and enjoy laughing to help destress

:lol: TimExecutive Senior Strategic Director Landlord

One is how many "strategic defaults" will occur will occur from the 25% of all mortgages, or 11.3 million households, that are underwater.

http://www.dailypress.com/topic/sc-biz-0318-walkaway--20100317,0,6060112.story66 year old buys in 2006, now underwater, see's no chance that it'll ever be worth more than she owes in her lifetime, and walks.It's now got a name, a "strategic default.""

That is alot of homes with negative equity for the homeowner to: bite the bullet if they can pay, make a decision to strategically default, do a short sale, or end up as an REO.

Your word is supposed to mean something and personal ethics are paramount.This week my article on the BiggerPockets Blog was about The Ethics of Real Estate Strategic Default.Article: http://www.biggerpockets.com/renewsblog/2010/05/03/ethics-of-real-estate-strategic-default/To be sure, I expected it to get a reaction and it was written with that in mind.

I love the challenge of having to use my mind to be creative and strategic, of having to think outside of the box.

They are also too small individually and too divided collectively to be a threat to us.In addition, their overall strategic interests are not sufficiently different from ours for them to become a serious adversary.

Golf for sure, such a relaxing fun strategic game.I also enjoy podcastingSean