Im Jay Turner, Michael's technical guy, I've handled the technical aspects of his biz for a few years now.I can tell you, Ive seen it with my own eyes, Michael has been doing real deals for the last year or so, and still goes to real estate seminars every month.

My brother was involved as half of the remaining balance of the house would be his according to our parents wishes.

A preforeclosure sale involves the sale of the property by the borrower to a third party for less than the amount owed to satisfy the delinquent mortgage, as agreed to by the lender, investor, and mortgage insurer.

I'm another Bay Area guy... drop a line sometime, I'd be happy to be part of your network and keep my eyes open for some opportunities that might benefit you... take care and enjoy the great weather!

Problems such as population growth, unemployment, traffic and the need for more Class A space, which is how he became involved with this project.Von Ancken explained, "Class A space like 7 World Trade is renting up pretty fast, and the other three office buildings to be built at WTC by 2012 will probably be quickly leased too.

Already have my eye on a few :shock:

The screens are an eye sore. 

It is all very helpful, eye opening and thought provoking.

So, there's still a manager involved, as well as the investor who master leases the property from you.Why not buy into a REIT or apartment company if you want that level of hands off investment?

It does vary depending on what state you are in.I would put as little money down as possible because whatever money you put down on the home has an oppurtunity cost equal to your interest rate less tax deductions.Lastly keep an eye on the market and make sure you don't buy in the middle of a property downturn, try to buy when the market hits rock bottom.Good luck