Ozzy,as mentioned above look for reputable hard money lenders in your own area and many lenders offer what Norris group does. at the end of the day with any investment you want to be very low risk and high margin.Most people look at real estate as high risk, high reward and I am very anti that, with every investment comes risk, now it all depends how you want to handle that risk, either by pass it(don't even invest into it) or simply minimize it by making sure its very low risk.Real estate investments are NOT passive at all unless you just hand over your money to someone and let them do every thing and make sure they pay you back plus interest and there is recourse, you also want to look into as if you ever needed to liquidate how fast can you be out and how much control can you have over it.

You should definitely outsource the negotiating (not only to reduce the time, but because they should know how to work the loss mitigation dept for a better discount).Also, always try for an anti-deficiency letter for the seller.Personally, I would find an expert who does SS & farm the lead to them for a cut.Jay von Mohr

For my age, 59, having cash equal to debt is reasonable.In my later 30's it was 90% debt.Before that it was upside down.Probably should have levered more but watched too many go up in flames in my lifetime.

Having survived the last 5 years I personally have become anti debt so I prefer to create the cash flow now with minimal debt.

How do wholesalers wholesale all these properties because most of the contracts I have seen have an anti-assignment clause in them.

I'm seeing, so far, new folks and I know some older ones are asking about progarms etc.Everyone knows I'm pretty anti-guru, my bark as about some of the claims made and some suggesting some pretty shady stuff.

Of course that will not get you out of compliance altogether as you still need to have a Compliance Management System for Red Flag, Safeguard, the Disposal Act, Patriot Act, OFAC, and Anti-Money Laundering and now Advertising.

If you recommended a book that was not full of anti-stock nonsense and tax-cheating, and disrespect for honest work, you might be helping some.

Hello everyone,

Newbie here dealing with the joys (getting the mortgage paid) and tears (I have a tenant from hell) of renting the rooms in my house. I have a four bedroom house. I live in the master and rent...

when, upon waking up in the morning and looking in the bathroom mirror, you find yourself developing a striking resemblance to Quasimodo.....when you find yourself rooting for the anti-hero in a Charles Dickens novel...when you realize that over the years you have gone from reading the "funnies" to reading the "obituaries".....when "bad news" somehow appears to you as "good news" , which you somehow rationalize as "Tony Robbins style" positive thinking.....