I am planning on developing a win-win business partnership to the banks' REO department in order to be able to close on a potential deal prior to it even hitting the market.

How much you need will depend on the circumstances surrounding the particular property you are buying.Once you get the property in operation and stabilized, your reserves will build from the monthly operating expenses.Good Luck,Mike

One looks at individuals developing entire shopping centers worth millions and it seems inconceivable that personal credit is more important than the equity that they can provide.And if personal credit IS important, how does one deal with it short of fixing it, waiting years, etc.?

Those six traditional forms of covenants can be broken ...http://encarta.msn.com/dictionary_561503550/deed_of_covenant.html deed of cov·e·nantnoun Definition: U.K. signed agreement: a signed document by which somebody formally agrees to make payments for a period of several years to a person in specific circumstances or especially, formerly, to a charity.

Wondering if anyone knows of any luxury resort real estate developments between Mexico City, Guadalajara and Leon?

The whole block has 5 of these houses built by the same developer in 1989.

Yes the equity is higher esp on your first loans, but you need to develop that relationship with the lenders to grow anyway.

It it called TIME AND CIRCUMSTANCES.

Yes, I said it and I can prove it.See everyone else slows down, but TRUE investors are finding more deals now because of weather, circumstances, jobs, foreclosures and much more.See when I have been trying to reach a certain homeowner and it is the day before the 1st, guess what that homeowner is now home and ready to speak with me.

PM- I worked for the Intrawest Development for 5 years and help build the Village at Snowshoe, bought property in the first building in the Village, developed my own units there, and still own property there.