I remember my confidence level a few years back...

I did most of the work myself in hopes of gaining knowledge of the skills/tools/materials involved in remodeling.

Not too sure experience level but from the description it sounds like a quick rehab.

I am looking forward to 2008...already writing my goals and believe this is my "magic year" to take my ivesting to the next level.

Before I really began investing I would 'sandbox' and go to the auctions every week to see what properties went for compared to what was owed, what they were assessed for and how many of them never went to the chopping block.I slowly realized that the good deals rarely went up for auction and when bids were placed they were usually at levels that even I knew was too high.

I understand the use of a "fictious name trust" it makes sense... but the "John Smith Land Trust December 25, 2007" where the land is deeded to an irrevocable trust fbo John Smith, and the trustee is some third party.As an attorney, I cannot not seem to get a level of comfort.The way I see them isJohn Smith conveys to Jon Doe as trustee of the John Smith Land TrustJohn Smith is the beneficiary, but has no power to remove the trustee or convey the property... so if Jon Doe wants to he can convey the property away, or encumber it.... further.. when the land is put into the trust I am of the opinion it triggers the due on sale clause.... if it is Foreclosed on, then the bank in not secured, and the owners are gonna get nailed for loan fraud....

Looks like it has some roofing issues seeing that in the top level apartments the ceiling have caved in a couple of areas.

A clearly defined goal will give your mind a healthy direction turn it's attention.Here are some tips that have changed my life, and allowed me to reach the level of success that I am at today.

Just because you have tried it and it didn’t work for you, doesn’t mean it wont work well for someone in another area or with a different skill-set.

Obviously Mike and some others are still investing in the US even if the paper they collect from the tenants is not worth anything.Do we want to bring this back around to RE investing or do people want to continue the macro level discussion?