If I were to do something like this, what should I be aware of and what pitfalls should I look for.What he's looking for:Investments in the 30K-40K range (you're welcome to invest more if you like)12-18 month term What he's offering:13%-14% returnPaid out monthly Here are the highlights: -Business is a boutique lender looking to expand capital-Provides short term loans to builders, both commercial and residential-Long track record of success -12-18 month term-Offering 13-14% annual return, paid monthly-Your money would be held in a real estate attorney's trust

I heard the Feds are tracking like 95 potential failing banks.

thanks just wanted to make sure i was on the right track

That was after consulting with his loan officer.

Then I would put together an impressive direct mail package and send it out to local real estate offices.

im knew although i have been browsing for some time, ill give you a short history of myself before i explain what i would like to do, Im currently 22 and at the age of 21 i had saved approx 15k for my first home, I had read every investing/mortage/real estate book i could find, before i really started looking, threw family i was introduced to a very respected and succesful real estate broker who has several offices, so i thought it was wierd that he was wasting his time with such (small fish) but he helped me find a forclosure,i bought a 1800sqft house 3 bed 3 bath etc for 112k, it was the ugliest house in a super nice neighborhood.

I went to my County Tax Claims Office and picked up a Repository Properties Listing.

You need to ask the individual investor direct who they recommend rather than the club officers.

Extra outlets, especially in the likely location of an entertainment center, and other typical appliance concentrations such as kitchen counters and potential office/study areas, and garages.

If you call your local Section 8 office, they'll send you the inspection requirements.