It's not like either party has really held true to any idea or conviction for any length of time.

For a long time my response was, “Nothing.†I know now that is not true.

Many of the investors or want to be investors here are just getting their feet wet, so buying an apartment building is quite a large chunk to swallow.What kind of true cap rates have you been able to purchase at here in CA?

I also wonder if the next crisis want come in the credit card markets.

Real Estate markets can certainly vary drastically within even very short distances here in the states.As for the $1 houses . . . if a deal looks too good to be true, it probably is.

Housing Stinks, etc. but in reality, this is one of the best times ever to be a TRUE investor.Remember the movie Wall Street where they mention that Gecko was short selling NASA stock right after the shuttle blew up.

This could be cash; a line of credit; or a credit card, etc.

Here is another idea: Pay with a credit card for the initial and if the roofer does not start, you can call the cc co. show the contract violation and have the charge reversed.

Hand out your business cards that say such!

Regardless if it's 100% true or not, I'm wondering if banks would be willing to accept less for REOs if an investor can close the deal by the end of the year and the bank can report cash on hand and 1 less REO?