@Matthew Rollo and don't foeget. lots of competition from big players. be prepared to bid up.

I have been debating about going for it because I believe it would be an amazing way to connect with the power players of NYC... but I have not done it yet since I still have $50k in student loans and paying for Columbia with my current work/life state wouldn't be feasible.

That's less yield than a bank CD and a lot more work and risk.If you really want to invest in real estate, a mortgage against this place with the proceeds moved into a true cash generating property would be a better way to go in my opinion.

Holding a note is more work than buying a CD, but not much.

And it is, truthfully, what they call 'management intensive'.But hey, it cash-flows really well.However, I look at it as a CD that doesn't appreciate, and my exit strategy would be to sell it for what I put into it and let some other investor take over the excellent cash flow.

From Baseball players and steroids to a disgraced, cigar loving, ex president that wanted to be the first, first man lied in the highest of high places after being sworn in.

Somewhere along the way, I called their number to get their free audio cd's and book.

Hello everyone,This is my first post, and I have a few questions.My names Joe, I am 27 married with a 18mo old son,I am currently taking online classes to become an agent (3rd day) in California, I currently live in Texas. but will soon be moving back to Bakersfield California,With the job market for my current field a job looks distant and at the urging of a personal friend and very succesful Realtor and former "power broker" I am entering the field of Real Estate, and he is attepting to bring me on to his current company.My wife and I are interested in possibly picking up a rough foreclosure and rehabbing it, We will most likely occupy the home while in construction, We are currently looking at homes and duplexes in Bakersfield Ca and surrounding farming towns.Our current financial situation is 25K in savings, and 50k in 6mo CD (out in sept), I am currently unemployed in texas and have been since January after moving here for a job and being laid off and we are looking at older homes in the 35-50k range, that need minor to moderate work.

Not even the best baseball players bat 100%.

I've heard from some sources that a big Subprime player is shutting its doors sometime next week****