Collier,I would highly suggest purchasing Lonnie Scruggs' book "Deals on Wheels".

But with due diligence on the swap you will be fine.

Look for small banks in your area that show real estate loans on their books.

However, there is no one right way of owning the properties because one way of owning the property may keep the property from being subject to US estate tax, but is bad for tax purposes, and vice versa.The owner of this website won't let me suggest that you read a book that has been written on the subject, so I won't do that.

Look into two books written by Mark Kohler, he spells it all out.

The last CAREI meeting I attended quite a few years back was $20 for non members to attend and to get to the entrance, both sides of the hallway were lined with tables of those trying to sell their books, tapes or boot camps.

Not by my book!

It's a "haircut" because a "default" (as it would be considered at any other point in history or for a corporation) would have triggered the Credit Default Swaps (insurance on bonds) which would have been bad.

Lonnie's books were game changers and opened up a whole new perspective for me....in 1998.

Some of them were betting against the very loans they were making by buying credit default swaps.