I thought about asking instead for no interest seller financing with a balloon, perhaps subject to the existing note, but that puts me in the position of owning an at market property and I'm not really into that either.

What are the terms on the existing note?

I have taken intensive college classes on Tax & Legal strategies, using Self Directed Retirement plans to invest, Wholesaling, Short Sales, Tax Liens & Deeds, Rehabbing, Subject to existing financing, Seller Financed Notes, etc.

So there is no coming correction, TX hasn't kept up with inflation.It's tough to make a go of rentals in TX due to the crazy high property taxes and homeowner's insurance-the state does not regulate the insurance industry.I can take you to some nice, upper middle class neighborhoods in the Houston metro area, where houses are selling for the same price per square foot today that they were selling for in 2000-2001.

Adam forget about the HELOC and focus on finding a house that someone is in trouble with and take the property over SUBJECT TO THE EXISTING MORTGAGE.You can also do a lease with option to buy and then negotiate not putting down a whole lot of cash and getting rid of credit card debt and other debt.Loosing a job is not the problem.

I was just wondering if there was anyone out there doing these kind of deals in Massachusetts and if there are any state specific laws or regulations I should know about.

Companies do exist that provide just due diligence services but they are few and far between.

It is written to a segment of investors that are very rare, if they exist at all.

While the cost of the existing bailouts is staggering, I suspect we will see more bailouts, more stimulus programs, more jobs programs, and generally more government spending to come.

Zip code alone is not a sufficient criteria as multiple mini markets exist within the same zip code.