Where they can be found is NO secret and the bank will take the strongest offer.There are thousands of REO properties to be found, that are under perceived "market value," however in CA "market value" is very subjective.Most REO transactions take longer to close than a traditional transactions and there are obstacles to overcome, even in the best case scenario.I have represented many clients, in which an REO property LOST value during the transaction period.Where I do see an investing opportunity is as follows:Best case, look for a short sale in which the inventory is stale and the bank wants the property off the books.

Passed as many closing costs onto the buyers I understand this is not your traditional method, but they appear to moving property very quickly.

fiores Pizza west liberty ave (15 from airport) traditional round pizza but the best in the cityDibelas best cheese steaks 10 min from airportPittsburgh bbq banksville rd 15 min from airportmike and tony gyros south side vesuvios pizza up the street giant new york slices!

I have worked with several custodians/third party administrators for self directed accounts so I do have something to compare to.I don't see a need to have two at once and pay fees twice, I also don't feel it is necessary to start off with a traditional account and then go to check book control, anything you need to know or learn can be done on the IRS website or with any number of other online resources regarding the rules and regulations including disqualified parties and prohibited transactions.

I hope to use BP for receiving feedback on some non-traditional financing strategy's I've been researching.- Charles

If you don't have cash to pay for your deals or income to qualify for a traditional mortgage, you just have to find a different way to finance the deal.

And most banks require that this amount be equal to or greater than the amount that they are willing to finance.But then again when the buyer brings cash from whatever source he has there is no requirement for that insurance and you are right back to the CMV instead of financiable value or insurable value.The Currment Market Value for any particular home in the end is determined by only the buyer and seller and is based upon the home itself with all its unique draws to each of them regardless of what home values in the area have been traditionally going for.

Yes the government is always a hassle to deal with and yes Sec. 8 rocks in most cases.Just like a traditional tenant - you have your good apples and your bad.

You think that if you get in and just renovate one or two properties, clean the yards and plant some nice garden, they will all follow in the tradition of "If you build it, they will come".

As the church is the borrower, there is no need for personal income/tax/credit verification---lending decisions are made in most part by the church's cash flow using one of the two following approaches:- Traditional DSCR approach (common amongst commercial lenders)- Multiple Income approach (giving value to collections, donations and using a multiple ranging from 2 to 4 times the Church's total income as a basis to determine max. loan amount).