Northeast of Los Angeles.My investment career wasn’t looking so hot.However, rattled as I was, I was an avid fan/reader of Warren Buffett (still am as a matter of fact).I was confident that times of panic were the best times to look for golden opportunities.Ok, I was fairly confident.If I would’ve been REALLY confident, I would have bought up everything I could get my hands on.Instead, I stayed the course and stood by my plan.I kept contributing to my IRA and 401k, and began looking for another property to purchase with the intent of living in it while stationed in the area and renting it out when I moved.Now, looking back, I realize that I made another rookie mistake.When searching for the property, I did not educate myself and become an expert in my new market.Granted, it’s a little more difficult for military members to accomplish this as we only get about 8 – 10 days to find a place to live.However, I could have started the process from Ohio.Anyways, for those that know the area, I found a foreclosure in a great neighborhood west of highway-14 in Lancaster, CA about 40 minutes for base.The previous owners had purchased the property at the peak of the market for ~$450k.It was now being listed at $195k.If I were in their shoes, I think I would have taken the hit too and walked.Well, probably not due to my security clearance, but I digress.

I had a question that has been rattling around in my mind the past day or so, let me explain the situation first though.I am currently working with a team that I have been slowly, yet carefully, been putting together. 

Sorry for the 20 questions I am just a little rattled.

And rattled loose.

Or maybe the agent was just having a bad day.A listing agent should be able to rattle off a few amenities to a prospective buyer. 

I am not a big go to lawyer guy.. but in this instance If its significant money I would rattle their cages and get your money back and cease and desist any further investments with that firm.. thats my personal opinion based on the way you described the transaction.

You may want to rattle some trees you might be able to pick up some deep discounted mortgages  :)

When I speak with someone on the phone I rattle off my requirements (e.g., income 3X rent, no felonies in the last five years, verifiable employment and previous residence, etc., etc.) and then ask "will any of that be a problem?"

Inventory is so low right now, you can hear the change rattling around title company’s escrow accounts, so don’t expect to be making easy fat margins.I’m about to start erecting billboards in Richmond to find deals 😆 that’ll give you an idea of where things are at with competition. 

Ya this will be rattling around my head for a while.