In the next couple of years when all the adjustable rate mortgages start to come on line we are going to be facing this hole problem all over again.

Everything you need is right online.

So if it takes about 3-4 months to foreclose on someone, I would expect to see the market to be flush with foreclosures starting 2nd quarter 09 and the housing market bottoming out starting in 3rd quarter 09 since their should be less foreclosures coming on line to depress the market with.Therefore, my objective between now and then is to accumulate properties now for cash flow and position myself to be able to accumulate more property in late 09.

I have found the most success finding both buyers and sellers by doing online classifieds with driver ads to my website where I can capture the information of interested parties.

Quicken Loans is the nation's largest online mortgage lender.

But hey, my low-income properties on the 'other' side of town that house blended families will always be safe because of the race card.Unfortunately, I don't see matters much improving as we transition into our wonderful socialist future led by kind and caring bureaucrats......

It's also relatively easy to put together larger teams of bird dogs by utilizing message boards, Craig's List, and other online resources.

I do have a copy of the Preliminary on PDF - I don't know how safe it is to share with someone but if it's not that harmful I can email it or post it for some advice.

isn't it safe to assume while putting deals together for buy and hold that rents will decrease from current highs.

I used worst-case numbers in my analysis and with those numbers it doesn't look great, but it looks reasonably 'safe'.Using the upper end of the range for rents and comps makes this look like a rather good deal, I think.I'd like to get into the property, get a tenant, and then refi my initial investment back out so that I can repeat the process.