I am reading alot about yellow letters as well and developing my own system, I'll write up a post about it once it starts working out.

I second NaveenWe just finished our first international syndication by building units in a new resort development on Ambergris Caye in Belize.A good rule of thumb to look for is jurisdictions that use British Common Law as their basis of law.You have 3 major systems of law around the world:1.

I developed a very good relationship with the case managers and the inspectors.

Well @Carrie Smukal you're going to need to get past whatever makes you feel that way, because building code inspections are happening just about everywhere in the developed world.

If that's it, I would admit to hanging around lowlife's much less joining in with them.Got to take that claim with a grain of salt too Joe, I know it may sound cool to you, but I'm not confident a very large reputable law firm would engage in such stuff.I'd suggest they consider targeting non-compliance in foreclosure instead.

I'm new to the RE and currently living in miami beach and I seen a lot cranes going up and lots developers marketing there projects lately, not sure if it's another recovery or another cycle of foreign investors buying up property .Also Im in the process of starting DM ( yellow letters ) in the miami area any words advice ??

Save it.If you can't live within your means and save money you will always struggle with finances no matter how much you have.That said, here are some approaches starting outPartnersPrivate lenders (friends and family) Hard money lendersWholesaling (can be done with little money but it is hard work and hard to develop a consistent income)Credit cards - Risky but I know people who got their start that way.

What is the best way for me to vet a reputable firm?

If there are developers, some may build with a down payment and allow you to close with a conventional mortgage.

My current activities: Finding great deals and making tons of offers in Memphis TN.Marketing the deals to cash buyers.What I'm looking for now:Great deals in Memphis TNCash buyers who want 15% plus cap rateMoney partners who want to buildMy goals are:160-rental property personal portfolio.I have a dream: To develop and manage the awesomest multi-family rental property complexes for creative communities of over 55s and baby boomers.Zelda [email protected] www.RealEstateDealsUSA.com