[b]Check out:A Rehabber's Tale: The Reality of Fixing & Flipping Real Estate[/b]

It's not about the %, it's about the $$$$$.When Richard Warren (rehab702) wrote "A Rehabber's Tale" he asked several of us to submit ideas.

So attending is possible for free, riding on the coat tales of someone else that has paid in excess of 16 grand, AND there is NO PRESSURE, NO UPSELLING, NO OBLIGATION.

Maybe, he went on for almost two hours and it was pretty much a sales pitch for his boot camp.I wrote about it in my blog post last week:http://www.biggerpockets.com/renewsblog/2008/07/14/a-tale-of-two-real-estate-gurus/He was guru number two in the story.

My first rental purchase was listed at $92,000 and is currently valued at $135,000, down from $165,000 in the fairly tale market of 2006.We rent it for $800 a month and it cash-flows nicely.

He either ignored the tickets or ignored the tickets . . . either way, it is a telling tale of the man's concern about the law (an interesting conversation, considering he was at Harvard LAW and eventually was the head of Harvard Law Review).The fact that Joe's tax issues are now an issue in the campaign, and the guy who is about to become President's ticket issues aren't is just plain stupid!

He's just willing to tell tall tales and doesn't worry about getting caught later on.

Is it advisable to just wait and pay the diffrence instaed of paying 5000.00closing costs and becoming upside down .

So Gram, are these ARMs?

That should be a tell tale sign that its not a good deal!