Scott,I can second the lower taxes in Philly.

After 3 months had it revalue at 15% more price than we originally purchased and got second mortgage to borrow money from property.

But beyond just having a website and leading traffic to it, I think it's important to use strategic, well-planned internet marketing strategies to drive traffic to increase your likelihood of selling the property.

Using internet sites (I had ONE response from Craigslist for my second house) bandit signs, fliers to the local area, etc have been more successful.Using this method, people do not “lower†their offer, they drop out of the bidding.His book, even his website, gives info on how to do this.

Secondly, invariably the RE depreciation has been very bad and #1 in foreclosures in the recent news is CA.

Is it like having a second motrgage?

With $98K (or less) on the table, the first isn't going to want to see the second get anything.

I'll open and read a letter, because that's what we do with letters, BUT the second I see it's a solicitation then I switch to subjective mode and quickly decide if this LONG letter is something I want to CONTINUE reading.

I have heard of new legislation regarding second mortgages that includes reimbursement from the feds to the lender on a shorted second if they sell the short to the homeowner.

I'm a beginning investor and i see the power of using private funds but i just don't know the proper and legal way of doing this.now i know about talking to people you know, other investors, and marketing to other high net worth individuals, which all of this i would consider the first step in the process.the second step i'm guessing some will say is working out the agreement/financial details with the your private lenders once they say they want to invest (which i plan on doing all this in step one, letting them know they're either going to invest as a lender or has a partner and this is what they'll get in either scenario)but my questions are:1. when do i have to worry about the SEC?