However, the house we are flipping got a LOT of activity at the first asking price.

All I have to say is he's commenting on everyones stuff and he himself has not actively invested in RE in almost 30 years.

More and more, with the multitude of new and active members, there are times when I just can't review all of the "recent" posts in one sitting.

There is no other "reason code" that lenders can use to characterize the activity of a defaulted mortgage.

I keep my appraisal and broker license active to fill in the gaps.

Thank you to all of you who share your expertise, experience and wisdom.I have been actively looking for my first investment property - single family home - and am having a hard time finding anything in my area that is far enough under market value to produce $100 after OE.

This leads many into trouble.My favorite part of my Real Estate career is when I do profit share deals.I do deals all over the country where I hold the investors hand thru the process of a deal.I have one in closing right now that took $55,000 and turned it into $102,000 in about 45 days.That is more than 53% in 45 days.

Literally MILLIONS of people bought homes during the boom and are now upside down on those "investments" or have already lost the property in foreclosure.On the other hand, you can make money in either real estate or the stock market if you treat it like a business and actively manage your investments.

What type of investing is your favorite so far (pre-foreclosures, mobile homes, etc.)?

From what I have read and heard the seller can still actively market the property to other buyers until you exercise your option.