We have olympic athletes training on our Oklahoma City River (they are training for rowing - we have the newest and arguably the best rowing training facility in the nation with the completion of the $10 million Devon Boathouse).

If it were some other guru doing a national campaign right now, that person would be the target to warn others.This thread is not about attacking, but about warning others to NOT fall prey to these scam artists and their so-called RE programs.

It gave rise to tremendous national pride and led to an amazing thing never witnessed before.

AZ is #3 in the nation in foreclosures with 1500 per week in Maricopa County alone (Phoenix Metro Area).

Welcome to BP Nation Andy.Stay active on the site, you can only get out of it, what you out into it.

I wouldn't ruin my credit for 250 bucks a month.I highly doubt it would take 10 years to reach a payoff you could handle.A residential recovery and workout of toxic loans is at max about 3 years away on a national level with some areas performing and recovering much faster.Why not go to the bank and say rents have gone down and I am struggling.Ask for them to renew the next time at 3 or 4% interest.That will make the gap smaller and go up in rent just a little but not much.Yes insolvency will wipe out any 1099 phantom gain as long as your liabilities exceed your assets.Most local banks all have you sign a personal guarantee.They consider it YOUR WORD as a vice president has told me that you will honor your contract (one of my clients short selling an apartment).The bank said at that time they DID NOT want to short sale and favored instead writing the interest rate down and extending the loan another year at a frozen rate and see what happens.Banks do not want to DUMP everything like people believe.They only cut out properties they see as having no chance of a recovery in the future or a liability if the took back (war zone,environmental issues).In that case they will usually sell the note if it has environmental issues or they don't want to foreclose.I would try the options I have above instead of ruining credit.

Welcome to BP Nation Thomas, always good to have another fellow CA investor here.Stick around and engage in the conversations, those who do are those who become successful.

In fact Atlanta is projected to add 100,000 people every year for the next 10 years AND lead the nation in producing new jobs by 2025 (BLS, CBRE/Dorey Market Analysis Group) which means that the demand for housing will continue to be strong. 3.)

Of course, that is what BP Nation is for, to teach members that gurus are liers and thieves and most, if not all of the info can be learned right here for free, excluding actual field experience of course.

I doubt many places in the nation would be the same.