Sheppie - if you have answers and a plan for everything that can possible go wrong in your project and you can handle those obstacles -then I say move forward.However, I will suggest that you start off small in your investment size.Example: Purchase a home that you can afford to make the monthly payments in the event the home does not sell as quickly as you would like it to.Also, don't try to get rich over night...ifyour profit is about $20 -30K...consider yourself a success story instead of trying to make $70-100K your first time around.

With fair credit you should be able to put together a no money down transaction and afford payments comparable to your current rent.Good luck.

I agree with these points, and I have very little experience, but the deals I have had with an reo agent have been very frustrating as far as communication and timeliness.

First question should be can you afford the cash outflow every month and is it worth it to you to keep paying it for the possible future payoff.

It is just a matter of doing some budgeting and see if I can afford the HML payment in the event it doesn't sell fast.

I think our rents dropped a bit with all the house buying and may rise as people need places to live and can't afford a house.

Sometimes they can't afford necessary repairs to sell for it full value.

I think that the need not only for affordable housing will rise but hopefully the need for luxury housing.

Peopleare real friendly and you learn about some reallycool 'happenings' out there.I'm spreading the word amongst my contacts aboutthis project and so can you if you have investorfriends who can afford a minimum $25,000 and atleast 5 years for it to grow.Please don't interpret anything I've just said as an offerto sell or an invitation of an offer to buy these shares.That offer can only be made by the prospectus.

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