Don' t use the local classifieds anymore since it is expensive and non productive.

I am a investment real estate agent so I see a lot of these type of deals go across my desk everyday and what I would recommend is that you evaluate several different product types for example apartments, retail (shopping centers), office, and industrial properties.

Realtors are considered "experts" and they shouldn't be trying to negotiate preforeclosures because that might end up with you in court.The truth is that investors can really make people happy by solving their problems while still putting a little coin in the piggy bank.Remember: the purpose of bankruptcy and foreclosure are to minimize losses to lenders while redistributing assets to make them productive again.

We could have used other loan products without that requirement but they wouldn't have met our needs.

There's products available for good credit whereby one can qualify for the completed value of a project.

Afford the negative rent while waiting for appreciation or invest your own cash to dump the property.Buying your next home may not require cash out of your pocket but I would try for 5% down minimum to secure a good interest rate.But, have you looked into a second or third opinion about your house value?

I knew all the SoCal investors would have cynical responses.But after reading about affordable real estate is elsewhere, I wanted to know how risky it would be to own rental property in other parts of the country while living in a location that isn't nearby.

Most people come in at 5-10 percent below asking, depending on the product and how fast it would move on the market.

After the boom the prices fall to a more affordable amount, but that price they fall to is still 128%-200% higher than the previous decades fall, or trough.

Many loose their home because they can't truly afford the mortgage note on a hard money lender.If you would be in a position to refinance your home within 3 month from a hard money lender - then I say you have an option.Rest assured that if you miss a payment they are not as cooperative as a conventional lender - 25% of equity in it - and an investor mentality...lol you better suck salt to make those payments LOL.