What I do find challenging though, is that unless they can interpret the inspection, lots of little things that need repair might translate to the investor that there is too much wrong with the house, where in fact they are small, inexpensive fixes.I have also had deals where my buyers opted to save their $300 and got saddled with some big expensive fixes that would have been caught in an inspection, and we could have renegotiated the price of the deal or had the seller fix the problems.A friend of mine, and quite a seasoned investor, purchased a house from the president of her REI group, and trusted him to give her a sound house.

I'll qualify what I am writing here by saying that I am currently the president of the HOA where I live.My three most persistent complaints are:1.

The president of the bank and I recently had a good laugh about that as those numbers were so innacccurate.

Among the more pertinent parts of my CV: I'm the founder and president of RealData, Inc. a software company I started in 1981 to provide analysis models for real estate investors and developers.

It seems like at every sales meeting I attended some newbie was there trying to impress the President and Sales Manager with some new design business card; US Flag, American Eagle, Metallized, picture of kids, you name it-someone's already done it.Once at one of these meetings a District Manager got tired of all the wasted time and effort and told everyone to get out their card and pass it forward.

It was so long ago that when I got there Richard Nixon was President, when I left, Geral Ford was!

I just went from Vice President of Investment Banking (by choice of course) of a top 5 bank to a "Real Estate Investor".I know other people here are in similar situations.

TJ Harrington is president of the Rochester REI Club in Rochester NY,.

Once these silly socialists become president, they are really going to go after us "rich" landlords.

There was an article in the local newspaper about our local re club and the president was quoted as saying the majority of the membership didn't own one investment property.