Shane,Good to have you on board and :welcome:It sounds like you have a system that works like a cookie cutter.John Corey

He would purchase options on a large piece of land fit for X number of properties, then sell the houses off of the plans with interim-to-perm financing building them based on a draw system paying for the entire projects with OPM.

Using some of this salvaged material incorporated with new building material and systems is my goal for the future.

Sometimes you have to wait on them for a long time (hence the deal above) but its sure worth it in the end.Take it from a former asset manager, with your system of staying on top of prices and timeframes, and making strong offers when the price is right, you're really on to something (as evidenced by your 9 REOs and growing).Congratulations my friend and thanks for sharing this valuable and inspiring story.

I see everyone's point though and ultimately for the amount of the fee versus the cost to ensure payment, it's a wash.

The sale was to a large broker who in turn had presold them to 7 of his own smaller accounts.Now this is the first time he/we have done a reverse but it will be the first of many and thats where I come in.Right, I'm already fed up calling my friend ' he ' so I am taking the liberty of nicknaming him 'Davey' as I write..He'll enjoy the private humour in that.Sorry this intro is so long but hope it's some use to some of the members.My email is somewhere in the system when I signed up.Cheers, Neil P

Have you actually tracked and kept the numbers versus other marketing you are doing?

:mrgreen: Now, the reason i dropped out (just my senior year) is because i completely lost my confidence in the formal education system.

What I am describing is happening now in San Jose and the immediately surrounding cities.The big driver in the hot areas (aside from tech) is the school systems.

While they explain what some of the indicators are that they use to determine what would make a good emerging market, they do not really get into the nuts an bolts of exactly how to conduct this research.All in all I thought the book was good and it definitely gave me some moments of inspiration of things I can change in my own investing career, however I would have preferred more practical "how to" information versus theory.This is a book that I believe would be helpful for experienced investors.