The are some areas that appear to have potential for wholesaleing houses as well, and I have found a good site that reports pre-foreclosures and REO's.

--All carpet is nasty and stinks from being closed up for over a year with a wet basement--ugly paneling in some rooms, vinyl floors are ripped, and most likely the ancient kitchen appliance do not workThe wet basement appears to be less scary than it first looks.

With seller assistance, you could configure a 95 CLTV loan program, but you would need a 20% seller 2nd.Regards,Scott Miller

Alexis offering the 3 day onsite training program in CA area.

The property sold there is not an REO yet and it does not appear on the lender's books.

What you appear to need is a blanket facility that will let you finance long term after the property is fixed up.

Assets could be seized by the tax authorities if a partner is not reporting their income and paying their taxes.Maybe best that the person does not even appear as a partner.

It is put in a placement program which is an escrow account.

Somehow you also get some sort of "master's" once you accomplish their course, but from what I have heard about this program, this really doesn't mean anything.

The main problem that all of these Manhattan style high rise condos have is that the developers appear to be under funded and unestimated the pent up demand from one to two years ago.They marketed their condos at say $500 per sf only to find out that in reality their actual costs to build were in the $800 to $900 per sf range.So they back out of most of the projects.