But we had QE1, QE2, 3,4,5,and maybe even 6.The question is what is the effect of inflation on debt that you own on your properties?

@Dev Horn Thanks for the info Dev, it seems like you are one of the few on BP that has been able to make it work in L.A.Is there a specific part of L.A. you focus on or a median house price range that you have found to be most effective?

If so what steps are you taking with the Dodd Frank law coming into effect.

However, it seems it this biz. that a lot of contractors can't even afford the materials cost upfront so we either buy the materials and they get paid for work completed, reimburse them right away when they deliver the materials to site or some will go with them to buy the materials. if anyone has another effective way of doing this would love to know.

Do you see a difference between efficient and effective?

His marketing paragraph said something to the effect "Great home 15 minutes from the Trolley Tracks of Downtown Memphis near great jobs."

What I do like is the higher concern about how the repairs or improvements will effect their bottom line in rents.

So here's the conundrum for a novice - being the type A personality I am and wanting to learn (and, honestly, control) as much as I can about this "deal" my first instinct is not to "bug" local investors about it because (a) I want to add value to what I can present, (b) I want to know as much as I can before I put this before someone, (c) I want to control this in some fashion before putting it before someone since i'd be doing a lot of up front with the seller and learning as much as I can about the property, (d) I don't want to waste an investor's time because I don't want that reputation to follow me as I evolve with this business.But it's like I can't get the outline or roadmap on how to start (with the land, for instance) without going to someone who's been there, done that and effectively negating points a to d.If YOU were pursuing this based on what I outlined, what would be the FIRST thing you'd do?

The discover card is not a true "cash back" card, but if you take rewards via a gift card, it will give you a $25 card for $20 in rewards points which gives you a 6.25% effective rewards return.

And understand that when you foreclose you don't just get the property, it goes to auction and if it sells you get the lien balance and costs, any additional money goes back to the borrower.I'm not sure how the BK filing effects this situation.