Don't drag the broker into your bad RE decision.

There was nothing fraudulent about offering variable rate interest loans and I strongly disagree that lenders should be forced to re-write these loans.

I'm about to make an offer on my first RE deal.

I've been investing in RE for well over a year now, and have had 2 properties that I've been relatively succuessful, a SFD property bought as a REO , repaired cheaply and increased equity by 40% and a 6 unit apartment complex that is now cashflowing and has increased by about 400% in equity.We will be finalizing some credit account the comming week to secure enough money to start buying atleast one property per month to add to our portfolio.Our goal is to buy properties in decent neighborhood at no less than 35% ARV , rehab and then lease-option or other type of seller financing/RTO deal.

You will have to re-negotiate with Countrywide to accept less.

If you sell it through normal channels, with RE commissions, you get $198K after all sales closing costs.

I was a re broker in cal and col in the 70's, right place right time doing lots of investments and syndications.

If you’re looking for some reliable designers, shoot me an email.

Also, you mentioned that historically, RE stays relatively close to inflation.

I believe right now up until the end of next summer would be a good time to get it into RE invesing.