Such as his insurance number and others that he has done business with.This way he holds all the money in his escrow account and can not release it unless it has been authorized by you.These are the kinds of situations that make people sour and untrustworthy of the legitimate investors.I am truly sorry to hear what has happened to many of you, but chalk it up to the cost of doing business.Douglas

When working any kind of a deal, I always consider the worst case scenario.

Crap like that is the kind of thing that haunts dreams forever.

Great job United Van Lines.We got to CO (Lamar) on Wednesday late afternoon and fiinished the drive on Thursday, we were both kind of beat form all the "stuff' leading up to the closing and moving.Anyway we were in our house by 3:00PM and enjoying ourselves.Looking forward to seeing everyone at the get together on May 5th.all cash[/code]

There are lots of companies that specialize in making just these kinds of homes, and the cost is not nearly as much as you might expect.

In my quite limited experience, yard signs (the generic kind) have brought lots of phone calls, but all my actual tenants have come because of free ads on Craigslist.

Actually, they'll probably tell you that it's NOT POSSIBLE to find the kinds of deals that we do.Rich

I heard that you need some kind of a license to do short sales.

Many owners use this option, but we also handle many resales, since several owners are also happy to cash out at post-construction prices when the property values have increased by 30-40%, which is exactly what happens with the vacation resort properties.If you have clients who are interested in this kind of investment, then you really do need to try to locate the pre-construction deals that are out there to offer them.

Remember that at the end of 30 years, this property could cost 5 times what it does now, and when the principal balance reaches zero, the place starts to cash flow.I may have the numbers wrong, so plug them into this kind of analysis and see what you think.