Speculation is still a valid, if risky, investment approach.

It all depends on the size of the bank.A local bank with real people in their REO office are definitely approachable.

Fast buck approaches rarely work well in great cashflow cities.Tim

On the bright side, Canadian investors and Europeans are enjoying incredibly strong currencies right now.

It is also incredibly easy to set up.

I am doing ok I own 10 single family homes which I acquired “Subject to” and 6 mobile homes.My long term goal is to acquire about 50 Single family homes Subject to and open a 200 lot Mobile Home park.My goals for this year are to double last years purchases and Establish and incredible Business line of credit for the purchase of more mobile homes.Personal info can be found out on my MySpace pagehttp://www.myspace.com/mystictxIf you’re in the Houston area give me a call I will be glad to give advice and I would love to learn some new tricks as well

It would be incredible to hear your opinion on many of the issues floating around the forums.

What you say makes a lot of sense.There are so many nuances as to how to get into REI I think your fairly simple approach should work well and give me time to do the research as I ease into this.

Linking up with someone locally who's doing that business would be a good approach.

That is a tough question, ask the people in foreclosure who decided to do a deal why they chose who they did, I'm not kidding.I tried different things over my career but a straight friendly honest approach worked best.