The reason it crashed was its extremely low loan quality (high leverage with low credit scores), non recourse loans and strategic defaulting as the law has been in favor of it.

Things like we're all loans satisfied or released, was federal and state estate / inheritance tax paid, as well as the stuff that gets checked when a seller isn't deceased.

My name is Cristian and I live in Montreal, Canada where we currently have awesome -20C weather (I think that's like -4F)So a little about me - I started being interested in real estate investing after reading the Rich Dad, Poor Dad book which resulted in me going to one of their free seminars that resulted in going to the paid 3 day weekend that then resulted in taking their advanced training which I recently got refunded because I wasn't satisfied at allI then learned about a new program with ************* which I am currently following and seems ok for nowMy main issue is that I am full of a lot of book knowledge but close to zero real world experience short of calling a few agents, home owners and so on.I was let go from my job on October 10th because of budget cuts and have decided to go full time investor since thenI am ready to do whatever it takes to make this work because my mindset is already changed and going back to a job is now my ultimate last resort that barely has a shred of interest tied to itMy immediate goal is to buy myself more time - I am ultimately looking to replace my ex job income by the end of 2014 and then some - but for now I'm simply looking to close a few deals to buy more time financially speakingThat's it for me for now - hope to get a chance to speak to a lot of you and soak up all the information that I can while building some great relationships along the way :DCheers

NJ's rental laws seem extremely in favor of the tenant....way too extreme.

An absentee owner trying to book hauls would be extremely difficult.Trucking isn't something you do on the side, nor is real estate.

My credit is bad and my funds are extremely low to be straight forward .

It's a few streets away from an extremely affluent Miami area but without the hefty price tag.The property presents as an outstanding investment opportunity if I can resolve the violation issues.

If you have no track record then finding any investors I think will be extremely difficult to impossible outside of friends and family.

I am very excited to dig into the extreme wealth of knowledge on this site and it’s very exciting to see the large amount of networking throughout the forums.

This information was extremely helpful!