Russell - I also wanted to thank you for not freaking out when challenged here on the site.I wonder if you could tell people who have no interest in joining another mailing list (even if free) what the deal is with your site/program?

You'd get wiped out fast if you had to make hard money payments while holding a house that was slow to sell.A lot of retail buyers are having trouble getting financing, and that makes your sale uncertain, and very possible that you would face longer holding periods.If what you mean is to buy a cheapo and immediately turn it over to another investor without doing anything to it, that can be done with no cash if you can get it all done before closing.

Even if you had a contract that stated he was to make the repairs, something like this still would not hold up in court, if you were challenged.

I've heard the same advice also, but IF the lender was to call the note due, I would be faced with the very difficult situation of having to pay off the properties or attempt to re-finance under much less desirable terms than I currently have.

I am still rehabbing but as you know the retail market isnt doing so well but hey I am buying properties a whole lot cheaper (big smile on my face).

If a property owner is facing forclosure and can proove that they can not pay the mortgage payment.

I have been given the opportunity to run with the RE/MAX Racers For life, individuals from my office that have been directly affected and I am looking forward to the challenge.

all_cash & beachbum,thanks for your replies, they're always appreciated.Since I have yet to do a rehab I guess I'm just fearful of liability issues as well as any issues I might face when trying to sell the house.

The u.s.a has been high jacked with all these loans/gas prices etc,in fear of bank ruptcy did you know that legislation is passing a bill that coinage will be made of steel in 2010 because copper/zinc and nickel is more than the face value of the current currency foren currency will dominate and is dominateing us know.

You will face different challenges obviously, but you don't have to be a slum lord to offer low income rentals.