Lenders wanted to make the loan and if a buyer held on for a couple years the bank could recover their money and not suffer if things went bad.

One thing to consider is many of your deals can be held long enough to qualify for long term capital gains instead of short term capital gains so if you can it often is worth while postponing sales etc.

You could be held liable in some way if you know and don't report, for instance if there is a fire from the coke your insurance company could say you violated the terms of the insurance by knowingly letting crime occur in your building and not reporting.

The deed is held in trust by a trustee until the satisfaction of the loan.Your statement "Note, I don't know CA law but in my state the noteholder can't represent in the foreclosure case and must assign a trustee to perform." is not really true.

I wish I'd known more about real estate investing back then- I would have probably rented our house out and held onto it for a while, but I guess we'll just count it a lesson learned.

But those are corporate benefits :) I finally got this down where I can walk in and virtually "paint" a house together, cabinets, flooring, walls, tile, appliances, even light fixtures in metallics if I get that cheap.

A foreclosure sale was held and I paid cash, and won at the auction… We then started working on the house, spent a bunch of money, and come to find out several weeks later the trustee nullified the sale.

I held REIT's (commercial) for over 5 years and never made less than 20 percent on them.

I have talked to several lawyers about land trusts and here is what they tell me:Land trusts provide anonymity, and no asset protection (which is why the properties should be also held in an LLC), however the land trust is worthless because-if something happens and you get sued, any half decent lawyer is going to find out who the beneficiary of the land trust is (you) and you are screwed anyway.

I needed 100% hand-held training from my coaches and mentors so that I can have more confidence to invest right.I was so much in debt that I couldn't access any more credit lines and I couldn't affort to fail another time.