So, cash out of pocket to acquire the package was small relative to the value.So, if something like this happens now, and they follow the same pattern, you would end up with partnerships between the new RTC and general partners.

How does all this relate to investors?

I recommend reading 2 negotiation books, 2 marketing books, 2 selfhelp/success books, 2 flipping books, and a handful of the Home Depot Do-It-Yourself manuals to get familiar with how a home is built and repairs are done.Heres a lot of good Real Estate Related Books.

I know this is not a thread on holding title, but since it has come up in relation to asset protection I will recomend the flowing article by John Reed http://www.johntreed.com/entity.html He makes some good points.

Another solution, though I would not recommend this, is to find a relative or friend to purchase the house from you as a short sale and after a couple of years, sell it back to you.

The Resolution Trust Corporation (RTC) was a United States Government-owned asset management company charged with liquidating assets (primarily real estate-related assets, including mortgage loans) that had been assets of savings and loan associations (S&Ls) declared insolvent by the Office of Thrift Supervision, as a consequence of the savings and loan crisis of the 1980s.

You don't own the property but lease it out to a 3rd party...the money you receive from the 3rd party (your tenant) has no relation to the mortgage payment.

I've been investing in RE for well over a year now, and have had 2 properties that I've been relatively succuessful, a SFD property bought as a REO , repaired cheaply and increased equity by 40% and a 6 unit apartment complex that is now cashflowing and has increased by about 400% in equity.We will be finalizing some credit account the comming week to secure enough money to start buying atleast one property per month to add to our portfolio.Our goal is to buy properties in decent neighborhood at no less than 35% ARV , rehab and then lease-option or other type of seller financing/RTO deal.

Hi Everyone,I am relatively new to the site but I am interested in purchasing packages of foreclosures in the South Florida Market.

I found a way, but we would have to sign personal garauntees, which helps with the issues related to having 3 partners in a deal, but doesnt limit our liablity, which is my main objective.