I am not a stranger to the pitfalls of this endeavor as this is probably what has kept me on the sidelines to this point but I know there is more to learn about these pitfalls and how to avoid them before I buy my first house.

oh, and I'd like to avoid risking my own capital.

As more and more home owners find themselves in negative equity territory banks have every motivation to negotiate.I also think that a large percentage of the home owner population would rather avoid foreclosure even if that means hanging on to a home that is worth less than the outstanding mortgage for some time.So if somebody is willing to pay a mortgage for a place with negative equity the bank has every incentive to keep that person in the house.

The areas that we typically lend in are Mexico, anywhere in the Caribean, Costa Rica, Central, and South America.

This site will help countless investors stay motivated and help one another avoid pitfalls that they may have struggled with .

The situation I'm trying to avoid is to become homeless with a useless piece of rental property...

(trying to avoid being duped!)

On the other hand, spending $100 to have the attorney look over something now, rather than having to spend thousands later if the deal goes south, is money well spent to make sure everything is on the up and up.In a case like this, avoid using a realtor to have them "review" the contract.

I'm from Central NJ and currently invest in the Trenton area.Mitchell, I'm always looking for good sources of financing.

avoid ACS credit like the plague!