The asset value is often much lower than the loan value because all the expenses related to foreclosure and selling expenses have to be accounted for when its transferred to other real estate owned.

Destruction thusfar seems relatively minor (compared to Katrina and others).

We (me and my wife) tent to focus on buying council (government built) properties which are relatively cheap to buy but provide great cash flow.

So are www.ProInvestorSecrets.com and YourFirstDeal.com not related to your investment business?

Number of deeds conveyed by the clerk of the court via foreclosure action 1210 Number of Mortgage related Lis Pendens 2156 The trend is changing.

Rent: 60000 /year NOI: 30000 / year (50% Expenses) Cashflow: 1200 / year Leaves: 28800 / year for mort => Max price ~ 360700 (30 year @ 7%)My feeling tells me to buy 15 number 1 properties to enjoy 1500 / cashflow :-) / relate this somehow to my investment.

If they aren't family or "very close family friends" registration is required.Be very careful, there is a lot of really bad information out there relating to registration requirements.

Most of the maintenance is directly related to tenants living in the property.On a good note, at least it has a positive cash flow.Good Luck,Mike

The "calls in the night" I always got in the insurance business were leak related and invariably they were emergencies because water was going into living space.

I'm a relative RE beginner, and I have no interest or time to organize the meetings, but would be happy to participate.M