Crossing the $500 mark is definitely a challenge.

It would require dealing with an unsophisticated second lender in reality, if one were honest in explaining risks, there would, with a reasonable person, probably need to be some omissions of facts to get that lender to lend, then not only do you have ethical issues but you could be crossing into fraudulently presenting the deal.

I've seen the purchase contract from Ocwen that listed my home as one of a hundred all over the country that they bought in one shot.

Cross your fingers as we still have to get our permanent financing and be paid back by the builder for the extra time he took to finish the project.

Yet, even during the depths of the Jimmy Carter years, when not only our national economy was stagnant but people were losing faith in the US as being the greatest country in the world, one which could rebound from anything, a time at which people thought getting a mortgage for 15% was a SCREAMING DEAL, people were still buying and selling real estate and everything else!

Paul, you may already be done with the deal but if you do two separate transactions as wisely suggested by Steven, make sure you have a cross default clause, it will cover what Eric K mentioned.

Countries like Brazil, which has been booming lately and making lots of new multi-millionaires and even billionaires, where do you think those people want to not only safely invest and park some of their new-found wealth but also get a second home with that money?

The US is the #1 country for foreign investors. 6 of the top 10 locations are in FL, rounding out the list NYC, Phoenix, Vegas and Honolulu.Check out the Start Here page http://www.biggerpockets.com/starthereCheck out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice.

Young kids from another country on J1 (?)

Makes the bid look lower and the customer has his fingers crossed and looses hope about half way through as they see that it's going to take Y$.