I spend about 3-4 hours every day "puking" myself all over the internet on my own blogs, various investing Forums, commenting on other peoples Blogs, Active Rain, etc.

Granted this is expensive money 12 to 13% on the first lien but, I turned to the MLS and ran a report of high end properties that had been on the market for and extended period of time and the sellers have already expressed a willingness to allow creative financing.

Its kinda in okay shape, we can probably spend about 5k on repairs to bring it back to normal condition.

Mostly because almost any report can be cloned if you spend the time with a spreadsheet.

I would take a hard look at the market saturation before spending money on a downtown condo

Las Vegas is in a valley and building has extended to all ends of it.

With the loan money, DO NOT SPEND IT, deposit it back into the original account.

They bought into a game they could not afford to play in the first place and a 1/2 point off the Fed Fund Rate is not going to help them.Good Luck,JasonTo extend your point Jason, many of the mortgage solutions are tied to the 10 year treasury so a Fed rate cut matters rather less.

Americans can only spend money they don't have for so long.

Spend some time reading about the various ways to do it and then start learning about the one or two that grab your interest.