Originally posted by Taletha Waire:Hello Laurence I am still awaiting my phone call Sorry to all who ask Notes are gone we are now pulling direct REO and NPN and PN from the bank with John Andre help.

But if you get a sure high-value target in your sights, you should pull the trigger today.

You can pull off the lead covered trim and get new trim doors and windows.

The problem with me accepting this offer is: pulling comps from the last 6 months, most homes were selling for 62k.

Things pulled back and the excess and bad inventories were liquidated through the RTC.This set things up for the bigger build up in the early 90's through the tech bubble and lurching even faster forward as the credit faucet was opened full in the late 90's and early part of this decade.

The City of Flint relentlessly tries to pull more and more of these same stunts against investment properties.

Countrywide did not pull title or missed that the vesting was wrong when they took their asset back into inventory (REO).

They pulled out and organized this usually unorganized area of a kitchen.

Just buying assets at .50 cents on the dollar or better... stay deleveraged..Why would you leveage personally... that defeats the purpose of what you are trying to accomplish..Ie... alot of books and people teach when starting out... to pull cash out of their personal residence...That's gambling yoru sole goal is to get personally free of debt or at a very debt to income... 30% or less or so...So, you build a business that uses leverage to create or find equity and duplicates... and then get equity out...Imagine you were back in times... and you found out you could mine for gold...You go out and find gold... and then put it on the shelf hoping one day it would be worth more... well of course it will....but, the moment you found it... is the moment of highest return...

Rene looks like a great deal on paper,but you must where many hats to pull off a deal like this.