There's something I hadn't thought of in terms of quicker approval.

He writes one of the most respected (in terms of real estate) newsletters in the biz....

It might help to keep in mind a simple fact: Mathematically, paying down a loan which bears interest at X% is identical, in terms of net economic value, to investing that same amount at X%.Putting it another way, if you have Y dollars available to employ somewhere, just think of 'loan paydowns' as one more investment possibility, among your other options.Suppose, for example, you could either use your discretionary Y dollars to pay down a 6% loan, or could instead deploy the Y dollars into an 8% investment.

Yeah, I'm pretty sure that I'm the only one who has called him out as an idiot...BUT, I later corrected myself to say that I didn't really think he was an idiot...I thought he was actually pretty average in terms of intellectual capacity.

In Arizona, a letter of intent is inferior to a Sales Contract in terms of enforcing the performance.

then drawing that equity out as cash in terms of a loan.

If you'd go after a proeprty like this at all, how would you structure a deal in terms of offer price and the right a combination of owner and bank financing to make this work?

I would not want you or someone that I know to be in that situation and not know that I was available... something like that. you can also see your communication in terms of "conversations" vs.

Thus, your total cost of debt in terms of cash flows is 8%.

Susan -In terms of how to find the great REO deals, let me recommend that you start building relationships with the big REO listing agents.They control the inventory, and they can help you get your offers accepted over other buyers (and better offers) if they really want to.