Plus an entity's purpose is to protect your personal assets from business liability (or to segregate business liabilities as you grow), so unless you have quite a bit in personal assets when you start out, an entity isn't even worth the hassle yet.

Lets call it growing pains.That said, as we move forward, we will be upgrading our equipment to prevent this from happening again.I want to express my deepest apologies for any inconvenience this crash may have caused for any of you, and hope we can count on your continued support as we move forward in the future.Sincerely,Joshua DorkinFounderBiggerPockets.com

Not bad and clearly the best ROI.If the value of the property is falling then I would expect the ROI is going to be very poor unless the NOI and cash flow after debt service is very good.I know the statements above are extremes or rather broad in nature.

Think and Grow Rich is an old title yet The Secret has done rather well.

While you are likely postponing the inevitable tax, at least you can grow it a little in the meantime.

I think that virtually every comp is now irrelevant because the mortgage rate environment is so different.Maybe I am chicken little who thinks the sky is falling but if we don't reevaluate the deals we have made offers on already, we may end up with approvals we can't resell.I think prices in general have to adjust down big time in one click just like mortgages adjusted up in one click.Yes, maybe the loss mits will not agree with our new valuations just yet but such is the nature of SS.The great deals always come at the END of a crises.

Sometimes you have to wait on them for a long time (hence the deal above) but its sure worth it in the end.Take it from a former asset manager, with your system of staying on top of prices and timeframes, and making strong offers when the price is right, you're really on to something (as evidenced by your 9 REOs and growing).Congratulations my friend and thanks for sharing this valuable and inspiring story.

There is a natural tendency to explain in a specific context the full spectrum.John CoreyJohn Corey

Naturally the Realtor told me if I was real interested I have to "act now" as it won't last at this price.

Hi,I'm new here and thought I'd introduce myself.I'm Stephanie and am a real estate investor inIndiana who deals with wholesale deals throughout the US and sometimes abroad.I'm hoping to grow my knowledge here and maybefind some deals.Chow.Stephanie :D