Newbie in Chicago, looking to learn [please contact me if you are teaching]I own one property free and clear that has two tenants and good cash flow.

One looks at individuals developing entire shopping centers worth millions and it seems inconceivable that personal credit is more important than the equity that they can provide.And if personal credit IS important, how does one deal with it short of fixing it, waiting years, etc.?

Just teach them what it means to be a private lender in general.

This time of year, people are going to be on vacation and distracted with personal business.Note I'm talking about individual properties.

My county lets you get individual information for specific properties, but charges a fee if you want a list of all filings each week.

Why give more money to the same individuals responsible for running these companies into the ground while at the same time, increasing their own personal net worth ten fold?!?!?!?

My suggestion is to look at each individual property and see if it will cash flow.

I am looking for like minded individuals to partner up with in the Memphis market.

Officials launched a foreclosure-prevention program to help homeowners who have fallen behind on their mortgage, with loans of up to $7,500 per household.The city also recently passed an ordinance requiring owners of abandoned homes _ whether an individual or bank _ to register those properties with the city so police can better monitor them.Elsewhere around the country, advocates in Cleveland are working with the city to allow homeless people to legally move into and repair empty, dilapidated houses.

But just imagine, you buy 3 properties at a moderate discount, say 20K each with individual FMV's of 35K.. you now have 305K worth of property and owe 170K, and still a great deal of borrowing power.