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.

In areas that saw huge bubbles, FL, LV, CA, prices skyrocketed, but rents remained relatively flat.

Can you really find properties where you can get a rent this high, relative to the PITI?

I am interested in other investor's comments relative to the effect the current financial market crisis will have on real estate investing.

I'm relatively new also and am focusing on wholesaling for much the same reasons you stated.

Nothing else.When I'm waiting for doctor's appointments-dentists, in line for other mundane consumer chores, I put stuff on index cards and study them. like sales objection handlers, marketing ideas, and the like.Or I talk into a portable digital tape recorder.Or I practice to complete and utter strangers my "elevator speech."

One article says that there has been a sharp increase in the number of families that are actually sending money FROM Mexico to their relatives in the US to help out.

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.

Loan modification (relatively unlikely on an investment property)6.