I know that every situation is different regarding who the borrower is and the foreclosure regulations regarding the location, but I was wondering how often it happens and how the process usually pans out when purchasing a non performing note (whether a failed loan modification or initial purpose for foreclosure) and issuing a foreclosure.

I suspect there's so much vacant land in TX this model just won';t pan out

@Sarah Tankersley @Aaron Hafer @Chris QuinnIf that doesn't pan out I can hook you up there with whatever you need.

I not by any means an expert, but I would suggest having alternative outs planned for anything you might buy for a student rental in case a project doesn't pan out.I've recently found the Tallahassee Investors Network and those guys put together a great gathering once a month that I'd highly recommend you make the trip over for.

You can take out the pan but what do you do with the subfloor and floor joists.

They might look good on paper but the only time they might pan out is if you are local and hands on.

I just need to introduce myself to the local non-profits and see how that pans out.

The downside is that they have only 2 funds and each invests in only one geographical area of the country (such as the Pacific Northwest etc).

While new to REI, I plan on investing in commercial real estate (Northern California, Tahoe, Nevada, Pacific Northwest).I have enjoyed the BP podcasts and learned much from Brandon's books, among others.

If everything pans out well and the numbers make sense, maybe we could tackle a deal together.