But I thought, if it turned out well, then I might want to invest in this kind of property.

ok well thanks for at least giving ur thoughts...I agree with you abt using the formula, but I was thinking of some other kind of creative financing that you cud use when the homeowner owns the home outright.

Some avenues are less work than others, but normally you have to put forth some kind of effort.I've finished my real estate course lessons and all I need to do now is review and test.

Having done this twice already and getting ready to do it again... the SEC has some very specific rules about these kinds of things.Most of the rules captured under a generic term called 'Blue Sky Laws" deal with how you approach different levels of investors...

They decided the market was TOO HOT when those kind of people were "playing" in it and sold out.2.

Now I have to say that it is very common, and most likely it won't land you in jail, but I would always recommend going the straight and narrow with these kind of things.

The kinds of riff-raffs that we've dealt with would never in a million years call the housing authority.

The point I am getting at is there is not a lot of wholesale properties where I live, so I would kind of like to poke the foreclosure market.

Based on Market Value, is there some kind of criteria that you must take at least 20% off market value?

Get the articles of incorporation, the CCR's and _all_ amendments, and the by-laws to find out the rules you WILL be living under, whether it be condo, townhouse, HOA or POA, or any kind of planned community.