Trying to do this sort of business without knowledge of that law will get the wholesaler into deep doo doo.If I was going to do one of these workshops, I would take the one our REIA puts on periodically.

Also important......do a lot of reading, this forum is great for knowledge on figuring out what sort of offers make sense.

First, are there any government or quasi-government agencies locally that provide assistance with this sort of situation?

, or something of the sort, but that it is about 6 months behind in actual amounts.Newspapers seem as if they would have the most current information...(?)

Get yourself sorted and then you will have plenty that you can use to help others.

Dick,Focusing on the past and not on the new business direction.What sort of RE investing was your main focus over the prior 5 years?

I have been actively pursuing RE and do all sorts of real estate from buy fix sells to lease options and everything in between.

Always good to run into another savvy technology user.Steady and slow can work wonders once you have a few properties and time works its magic.Commercial is the way a few people start. 5 unit or larger residential rather than office buildings and other things.

A master lease with an option could be one legal construct to fit what you need yet not be too involved in the property directly.I think the biggest issue will be for you to clarify in your mind the sorts of deals that would make sense.

In many ways BoA is no larger or any more significant than a number of other banks (HSBC, Goldman, etc).REOs have no loan guarantees as the asset on the bank's books is property and not a loan.