Housing starts are up.I think it's a little early to claim that housing starts are truly up.

Months later...Josh Cantwell, "rementor", (a guru) claims to be using this effectively in a short sale context, and claims in 70% of cases, a recorded memo of options satisfies title seasoning requirements too, as long as it takes 3+ months to get the SS approved/closed, not unusual at all.

I won't claim to be an expert but I have read that even if you manage your own property in a self directed IRA that is against IRS rules and they could disqualify the entire IRA meaning you would have to pay tax on the entire amount right then plus the 10% penalty if you're under age 59.

When you were saying sell through a dealer, do you mean they would baically just broker the sale for a commission, just like a realtor would do with regular houses?

I know a lot of people claiming big profits from REOs...

When times were good we were seeing teardowns on a regular basis and those were going for about $500K for about 2,300 sq/ft.

I bet he still put in the claim and demanded his service charge.

You need an education in executory contracts.In NM you can lease, and buy on sub2 or a wrap or seller financing.Get a team together that knows what to do.The contracts I use in a sub2 areThe Purchase And Sale AgreementSeller's Due-On-Sale AcknowledgementThe Quit Claim Deed To TrusteeGet An Authorization To Release Mortgage InformationGet A Limited Power Of AttorneyUpdating The Insurance CoverageControlling The Escrow AccountIf The Mortgage Company Calls The Loan Due What to DoAddendum To Purchase And Sale Agreement Quit Claim Deed To TrusteeAuthorization To Release Mortgage InformationLimited Power Of Attorney Regarding Real EstateInsurance Letter (Adding Additionally Insured)Escrow LetterLetter To Mortgage Company Good luck!

Regular hot deals should be presented.

As I see it, the only things you can claim for 2008 would be Schedule A deductions for property taxes and investment interest, but only if you itemize.