The laws in India and China definite favor their citizens when it comes to business ownership, investment and trade moreso than most western European countries and the U.S.A.

I would recommend that you find an area where price to rent ratio's are favorable and then develop a support team starting with a good property manager.Good luck.Chris

Dory makes good points, a later poster, sorry can't name him, suggested doing this strategy with consent of the lender and I agree it's best to do so and consent can be construed by notice, Bryan was correct in structuring it as a wrap or a second obligation (the best way IMO) doing deals through a trust can smell shady, but placing a property in a trust for estate planning reasons is specifically addressed as an exception to the due on sale, so after your estate palnning is accomplished I suppose you could sell for liquidity, not real shady, and the sub-2 out of all installment transaction will usually or most likely be the most favored method by an judge looking to equity in the transaction.

I think the combination of buyer's market and very favorable mortgage rates make now a good time to jump in.I will be doing it with a partner.

That's the price - and most will give you free leads or direction on how to get the leads - certainly without paying the mentor.Remember - a mentor IS NOT doing you a favor.

So, this almost passes the rule of thumb test.A couple of factors may work in your favor.

Sorry to hear about this unfortunate situation.The court is tilted in the favor of those who take full advantage, and this can happen to anybody, so take notes everyone!

THINK ABOUT THIS, If 200 million North Americans refuse to buy just $20 each of Chinese goods, that's a billion dollar trade imbalance resolved in our favor...fast!!

I had a very good friend who is "in" with an auction company, and he has the ability to ask for "favors" and get the property at the price he wants.

Do yourself a MASSIVE favor and find your buyers first.2.