Marc,Just so I am straight, you run a PM company.

Do you guys think its worth the time to wait for a short sale or do you guys go straight for REOs because they can close quickly and you know what price you're getting the property at.

They will be responsible for the loans they approve in several ways.I suggest you look around for other lenders.....This point alone took me 4 lenders to get a straight answer on.After talking to a dozen or so lenders, I got some new information that's changed my gameplan a bit.

Keeping your books straight and seperate is the first step.I also agree that having an extra layer of protection is beneficial in addition to proper insurance.If you do get a corp, look into getting it in Nevada or Deleware.

A straight JV split would make things quite simple though.

Remember guys and gals, gloves off and give it to me straight; why the deal WON'T work or why deal MAY work.

I have a house I bought for X I then split it into two lots, one empty buildable lot and one with a house that needs alot of work.Currently I have the house for sale for 3X and the lot for 2xI would prefer a straight up sale but if not whats he best way to get it moved?

You can read for 10 years straight and there would still be tons of info/threads you haven't read!

The tenants will come straight to you anyway.Good luck!

I've watched a few episodes before and enjoyed them.I like Josh, it seems like he is straight forward and hard working.