Instead, you need to be 100% sure that you can handle your workload and prepare with back up plans.

One creative way I have heard of recently is to look up absentee owners/landlords that have recently purchased property.

Well, if they are non-performing you will need to be prepared for the possibility of owning the property.

If you're working with pictures/photos, you could run into this problem later when you start getting creative.

I wanted to get some conversation going about the "4 Loan" rule that the lenders are sticking with at the moment.Keep in mind that I am talking about direct lenders/mortgage brokers, not hard money or other more creative owner financing in this topic.

You can get up to speed at this thread: http://www.biggerpockets.com/forums/92/topics/25417 The bottom line is that rehabbers must be prepared to substantiate the new higher value with significantly more paperwork.

There are some incredible opportunities if we can be creative, patient, and stay smart!

It will help keep you informed and prepared if the need ever arises.

by David ParrishIf you're a creative business or cultural enterprise, you are selling goods or services to customers, whether it's graphic design, fashion, architecture, music, or books.But what are you selling, really?

You need to be prepared to rehab in case no investors bite, this is always a possibility