Ah the ole Fannie/Freddie limits, oddly enough I was at a meeting today where we discussed the proper way to invest to avoid that challenge.

What obstacles would I face setting up an LLC in New York while my property(ies) are out of state?

Even those individuals who are facing foreclosure are still concerns with me taking over on payments.

A great way to move a property fast is to use Temporary Owner Financing and focus selling the property to people with challenged credit.

Then if you are worried about the dollar tanking, you convert it to a hard currency like gold coins at face value.Then you sit back, let everything fall apart and when it hits bottom start buying everything in sight with both hands.

A lot of challenges but tremendous opportunity.Here is how I would approach it.

Now, you might say, "why don't you just breathe in a friend's face; he'll tell you if you're drunk," but is that really the point?

well long story short. serious buyer was lined up and fell off the face of the earth.i put a 1k deposit down with no contingencies.

I want to lay down a challenge and go from shortest time span of introduction to closing their first deal.

Sometimes we encounter situations or the unexpected that we have to face as well and get through those unexpecteds.