Initial application is filled out via some form of interview between loan officer or loan broker and potential borrower.

(Investors) ready for market by MARCH.During the interview, I have asked the brokers to advise me...and judging from their answer I know if we are in same page, or they know the market,2.

(1) This recent trade included 11 non-performing 2nd mortgages purchased for $61,500 in multiple states.

A broker knowing what you are looking for Is like a needle in a hay stack could look for months and months and not find it as people are throwing out multiple offers.Buyers have to be ready, willing, and able to buy AND I will add realistic.

I definitely like the idea of utilizing multiple strategies.

The interviewer baited Barrack with the "best trade in 20 years" question, but he didn't quite take the bait.

Warren Buffet said it best in an interview when he said its impossible to purchase such a large quantity of homes, and place proper teams to manage the rehab, sale, and property management needed to make such a large quantity of homes perform to their potential, over such a large geographical area such as the United States.

But this is just my opinion.In either case, make sure you get multiple bids and check references.

I don't discount most of your arguments, as they are very valid in multiple situations... but not all.Looking back we see things more clearly, or do we?

The contract is still with my attorneys (multiple for checks and balances) but it seems we're moving that direction.