See if we might be able to work out a win-win scenario to help minimize your losses. unfortunately as Ross indicated these Morris Victims are not in a win win position.. its local investors wins Morris client loses in 99% of the cases.. sad situation thats for sure.. and whats more amazing is the guy is still at it and the regulators have not shut him down

- Ross Kalmbach

@Ross Burch I'd suggest keep calling lending institutions until you find one that will work with you. 

Thank you @Eric Carr, @David Kramer, @Mike Roy and @Ross Denman for your responses.I like the HELOC for the fact that its there when and if I need it and it will give me negotiating power by making cash offers.

Thank you Ross for your input.

Eventually as I learn more I'd like to get into value add investing, but for right now I'm looking for more turnkey properties.I am reading The Real Estate Retirement Plan by Calum Ross right now, and just picked up the Bigger Pockets Long Distance Investing book (which on quick look seems very specific to the US market, although I'm sure there'll be good general advice as well). 

@Share Ross thank you 😊

Thanks @Ross Leavitt!

@Ross KerneThank you very much!

Originally posted by @Ross Denman:@Daniel Mendez We work with a lot of OOS investors and I generally don't recommend a new investor to take on highly distressed property.