I really don't want the deal to fall through so I've been kicking around some ideas in my head as how to creatively get it done.

Originally posted by "REI":You know the quote about not being able to see the trees vs. the forest.John CoreyThe same could be said from the other side of the fence.There are just as many (IMO even more) media talking heads saying the subprime mess is overblown and ignoring poor housing numbers that keep coming out month after month, day after day.How many car salesman have you ever heard saying it's a bad time to buy a car?

The book just didn't flow like some other books I have read lately.He sounds like an old school guy and maybe that approach just comes across as dry/boring when you are reading or maybe it just went over my head for parts of the foreclosure process.I'd give it a D.

I won't go into too much detail but if you care to read the following article about organized crime rings involving Vietnamese, and how they tear into homes to setup growing operations, installing air scrubbers and ventilation systems to pump out humidity associated with basement growing operations, the home I was looking at is one of these mentioned as among 100 in the Seattle area that were part of the ring.

Within no time you'll be headed towards your first deal or your next deal.

If after carefully considering all of this, you still want to be involved in REI, then join your local REIA (real estate investors association) and make friends with the SUCCESSFUL investors in your area.

So they have slightly damaged (not fatal) credit, and say 2-3% they can put down as an option.They still need a roof over their head and they can work towards ownership.

I am in central jersey house on average are 350K and thats on the low end 27k (shakes head) my car was more

What I'm now looking for is a some of the common pitfalls associated with this sort of deal.

IE the kitchen, the bedroom you are going to use and the associated bathroom.