The first is globalization and the 'equalization of pressure' between world economies- the rise of the Euro, the fall of the dollar-- and the effect its having on our market.

I ran that scenario through the property evaluation tool, and even with no appreciation it makes 12% total return or so (not cash on cash).

If the loan does not go well the broker has effectively no liability.

They also have a nice free little property management tool attached to it that allows you to create web ads and a nice little button to post the ad to craigslist.

There is a managing member and other members.Basically if you use a tool learn how it works and use it correctly.

There are also legal issues in that certain changes to a loan could trigger a chance in the liens position (some modifications are in effect treated as a new loan so the recording date moves).The trusts who are holding paper that has lost significant value (mark to market pricing) will be only too willing to agree changes in the trust provisions if the change will significantly improve the value of the asset.

Both have messages to that effect.

Originally posted by "brucewaller":What a newbie should do.So from your point of view Bruce what type of REI mentor would be most effective for a newbie to get a hold of?

Well not too sure how that effects you but it would seem to be too much of a hassel to me!

My boss is the biggest R.E. investor in town and has given me every tool in his arsenal to locate, and bid and close the deal on the best properties in the area.