The number I have to be at or below for me to consider a deal (unless there are other factors brought to my attention) is .70 cents on the dollar or LESS.

I will have 50k equity in my condo and another 30k approximately in other "investments" (Park and pray mutual funds.)As I already have a decent amount of capital, I was hoping to get some recommendations on what you folks would do for a first time investor's money.Right now I don't think that I can realistically get positive cash flow in the Seattle area so I might have to take the "not in your own backyard approach."

I am looking for the best approach as to what to say at the door and any key points.Ian

Not exactly the strongest approach, but they are making a go of it and I've heard that they've had some success with it.And my reference to Bob McCartt, LOL.

Having done this twice already and getting ready to do it again... the SEC has some very specific rules about these kinds of things.Most of the rules captured under a generic term called 'Blue Sky Laws" deal with how you approach different levels of investors...

I found something interesting, I saw that someone brought the house for $195K in 2004 and their tax assessed value is now $134K in 2007.

Everything will remain the same except I have brought the loan current and am now making the payments for the owner.

There are a number of approaches you could take, but my favorite is a dedicated mini-site approach.

All cash and mike OH, your strickly-business approach on many topics of these forums have helped me open my eyes.

This, actually, looks very good if approached with the right grey matter.