Originally posted by "**********":Lito,Banks and Wall Street Investors are taking MAJOR write downs as a result of the sub prime melt down.There are hundreds of thousands of bank owned properties all across the nation.

I live in Shawnee KS.My original desire was to flip houses, but have been converted to doing Lonnie deals in my area or within a few hundred miles.I am just trying to learn all I can and this board is a good start so far.Thanks, Ima just pull up a chair, get some popcorn and lurk for a while, so far the board has been very educational, thanks to all the experts that share what they can............

Welcome,This site has hundreds if not thousands of hours of learning material so read away, make some friends, seal some deals.David

When I read the reply above, it seemed like it could be taken either way… I think you can tell by my reply that I took it as a positive comment…With that said, I have ran into people that just want to “blast you” when you offer your suggestions… These are the people I just keep a mental list of and just don’t reply to their posts… My logic is I can offer 20+ years of experience in real estate, owned and managed a mortgage and real estate company for 10+ years, and have been involved with hundreds of real estate transactions… If they blast me, that is ok… They can get their advice from someone new the business… With 20 minutes experience.No skin off my back… It actually saves me time so that I can help someone that really is wanting the help!

Maybe he is making a few hundred bucks off of that fee as well.You mentioned 6% broker fees/ysp.

.), plumbing, pools and their finish,pumps, hardwood, cabinet installs, counter installs, paint, you name it,I can do it and I do it so cheap for the quality.

We are experiencing hundreds of trustees sales per week - with only 2 or 3 being sold to third party bidders.

I have a friend who sells granite counter tops and imports kitchen cabinets.

Once the building is occupied, the maintenance fees get bumped hundreds of dollars per month for "unexpected" operating costs.

If the only way an investor knows how to make money is to have their investment trickled back to them a few hundred bucks a month at a time in cash flow, then they are going to have a tough lot in life over the long term IMO, no matter where they invest.