Where I've seen the membership model succeed is usually when there is a combination of free services and pay services where members see value.

Don't feel bad about failing the first time.Some of the best brokers/agents I know failed the first time.When I went and took the test in 2004 the class was multiple choice in GA.I passed that one and then went on to the state test.In class most of the questions are on the state level but then the state test has national questions as well.So I would go to Barnes and Noble and read the AMP(applied measurement professional) book on national questions and it really helped.In my state we have online and in class.In class is usually better as the instructor can explain answers and concepts plus previous students tell what kinds of questions were on their tests as the questions always change.Here is how I take multiple choice tests.Go through the questions one by one and answer the ones I am only 100% sure about.Then go back and start reviewing the other questions.You will now notice that by answering the first questions you knew you have no eliminated some of the choices of other questions.So If I had it between A,and B and B was eliminated from another answer I knew the question to I know A is the answer.Then lastly I would get down to a few instead of A,B,C,D and choosing one and having a 25% chance I have gotten it down to C,D and now have a 50% chance of getting it right.Doing it this way I went through the test 2 to 3 times and only ended up making an educated guess on a few.You don't want to spend too much time on one question as you will get flustered and every answer will start running together.There were people going to the agent state test that had failed 2 to 3 times already on the state test.I passed the first time since it was multiple choice.In my state when I took the brokers test years later it was MUCH harder.With my luck the brokers test used to be just multiple choice like the state with a few questions added.The year I took it they had just changed it completely.Now it was a complex modeling test.You had read long paragraphs of situations and you had 4 choices.There was not an correct and incorrect choice.Instead there were weighted choices.So you would have ones answer being the worst is -2 to the best +2 and in some questions you problem would have 4 parts to it each with 4 choices before moving to the next.Had really crazy crap in there you would never encounter.I prayed the whole time I passed that one.They didn't give you a score just a pass or fail and I passed.That was one of the hardest test I had taken as it was all judgement based on being the head broker.

If you set up your business model around this idea of getting "great" deals, you will have a long and successful career as a wholesaler.

The investor start by doing analysis and that analysis points him to a specific property that he believes would satisfy his investment model.

To my knowledge, Aegis follows this last model.

Many of the initial underwriting rules go out the window after a loan is seasoned, kept on the books by the lender, and they will take on a different flavor to be sold in the secondary market or to affiliate lenders, but there are generally accepted requirements.

Or is this just another "Guru" trying to sell his own flavor of snake oil?

In Wisconsin, by state law, the trust account was interest bearing account, and the interest was paid by the bank to the state, and that money went to support varous low income housing initiatives.I'm sure there are many flavors of trust accounts found throughout the country.

This is my business model, and I generally get about 20% of the REOs I make offers on, and about 35% of those I make offers on that have been sitting for more than 3 months.As long as you have your 7 day inspection period on all your properties, you shouldn't have to worry about getting locked into any contracts if you make multiple offers -- worst case, you just go with one property, and back out of the others.By the way, why are you waiting until 2011 to start investing?

Is there any wonder that this model has us in the mess we have right now?