There are some ways to create or overcome no equity - short sale, lease option, owner financing - but I wouldn't necessarily recommend jumping into any of those with this property on your first deal.

That would be everyone I meet in the grocery, drug store, at Little League, Lions Club, Boy Scouts, PTA, church, the newspaper delivery boy, the postman, the UPS driver and even people sitting at nearby booths at Denny's.Naturally I will tell them ONLY THE TRUTH about how I feel I was treated and with any luck and persistence we may see if TRUTH and WORD OF MOUTH can overcome paid advertising.signed EOCNOTE, I'm not saying YOU should do this.

How do I overcome the fear of losing it all on my first deal to the point of bankruptcy?

Down the road I would be very interested in a much larger property but want to make sure I can handle the ownership/management of some smaller ones first.My wife is very risk adversed which makes this first purchase quite the battle at times but I am very confident we will be successful and grow our portfolio over time.I look forward to meeting and interacting with everyone!

Having said that, I'm not adverse to putting my own cash into the deal--maybe that came out slightly wrong.

The key is this, in most areas this is the big stickler that most people are claiming is law, however, there are a few areas that do have some more obstacles that you may need to overcome such as the state of Maryland have a few laws on "Title Jumping"".

What types of obstacles did you face, and how did you overcome them?

It clearly depends on your planned use for the property (ie. personal use vs commercial use, etc) but from one investor to another I would urge you to only invest in a country in which you fully understand all of the potential challenges, including the various laws, and how you might be able to overcome them.

Make sure the discount is deep enough to overcome that.

Reality is kind of hard to overcome.