I had one private equity firm that I do some work for buy institutionally several hundred SF units and they got hit pretty hard by the attorney general on LBP.

Bottom line in my experience is that no matter how much money you make, if your score isn't good then no bank or lending institution will lend to you.

They will pick up the most recent local info on the tenant that the national companies won't get.For instance, if you are in a smaller community the court system may not report judgments until after you have them in your property.

I have reviewed the national site but to my understanding you join that once a local group is formed.

I took a local driving job only to be replaced by Mexican nationals flown in specifically to replace 36 american drivers.Ok; enough of my sob story.

Right now there is a glut of newer properties at fair prices but it you can find a good deal it should sell.I know personally we are having difficulty finding good properties at a good price, especially since the institutional investors continue to buy properties so any discount on those nice properties should find you a buyer.Overall it is important you find a location that buyers are looking for and if you can find those # you should have a shot.

I learned a lot from that whole deal and plan to be wiser about my real estate investing moving forward.I have since had the privilege of gaining national media attention for paying off $52,000 in debt in 18 months through my blog called Well Kept Wallet.

Welcome to BP Nation Priscilla.

The best kinds of friends are the ones that share.I flip below market national bulk properties and notes.

From past experience I have found that onceyou show ownership via owner contract, it is much easier to acquire financing througha lending institution.