You carry around a stack of "pay rent or quit" notices in your car, just in case6.

He's been a member for quite a while.

We have quite a bit we get that we just do not have the money to move on.

;) Now this example is a single property, but if you buy another property every 3-4 years (being conservative) you're going to be making quite a bit of bank.

It would take quite a bit of work in these expensive places to keep that going but it would be a great way to break into it.

Believe me, I have quite a few going right now....and if you look at the FSBO lists vs. the RMLS listings tagged for short sales...you will see, in the histories, that the homes start out well above what they owe and eventually drop to the short sale point...and then they list as a short sale in the RMLS.I agree that you can do a short sale without listing on the RMLS...I said MOST banks require it.I am confused how a bank would step in and offer to sell the property...banks don't sell properties unless they own them in REO.

The other way is to work for a company with a 401k, contribute to that (about $15K a year), let it build up, then quit.

A fellow investor told me that he was using a tactic recently whereby he has the buyer sign a quit claim deed at closing.

So I live in an apartment currently that is supposedly a "luxury apartment", there are however quite a few things done wrong here to classify it as "luxury".

During his presentation with lots of numbers that seemed quite inflated for today's market, one of his property examples looked very familiar.