Why or why not invest in lower cost single family homes in Jackson MS when there is no or very little appreciation and where rents are 1.5% to 2% factor.

Good afternoon, as the Manager for Affinity Claims Management (ACM), which is contracted by Affinity Group Management (AGM) and National Real Estate Insurance Group (NREIG), I want to step in here, and clarify the points that have been brought up by Ms.

Columbus OH & Indianapolis IN are great markets for this (Not TX or WA) but try MS, AL, AR, even LA, GA & FL.

I was the largest HML in Jackson MS for at least a decade so understand where your coming fromPS  New Jersey is an expensive market to borrow in compared to other parts of the US given the foreclosure rules and risk to the lenders.on the West coast its not uncommon to get HML at 8 to 10% APR  thats rates and points with NO junk fees.. darn near bank rates.All though in this case and this is why other lenders have jumped in.. its just not normal for those size loans and those assets to pay the large fee you guys paid up front. and well they made their money and you moved on.. so I guess it works for them.. thats one way to get compensated for turn downs.. although I have to say if they are not direct lenders which Mr.

Ready to buy some killer cash REO deals from all the BRRRRs on BP....lolMark I think the issue most don't realize is that to get to massive reo takes years even if you started TODAY especially in a state like FLA.other states like GA  MS TX you can get through the foreclosure system in a matter of months.. 

Thanks again for biking to my 1st position note property in Jackson MS. and providing photos.

Hello,I have a first position note on a property in Jackson, Mississippi and concerned the property is valued less than the paper. 

or are you saying Section 8 is a failed model and folks should only go market renters with 2 to 3 year leases.when I was working through my mid west OREO in 09  there in TN MS AL GA I would often ask the PM why are you only doing one year leases. 

We once used an MS Access database but that feel to the wayside and we went back to Excel.  

we are saying the same thing I am licensed in CA OR and MS its the exact same language.. although in practice it gets violated no doubt especially OREO low ball types of deals.