This is going to be my first piece of investing literature recommended by my boss. ( Who is a well established REI himself) Any feedback on this program will be much appreciated.

Last time, it was approved without signing papers.

Maybe I am too fearful but I don't see anybody on these boards talking about the credit crunch much and how it will effect their ability to resell the homes they are trying to SS.Or else, you somehow think these lenders in trouble are going to help us SS investors get more deals approved.

That's right I said it; Even if the home has been on the market for 60 days, most asset managers approval levels are based on the current list price, which as you pointed out, is reduced every 30 days - most of the time.Unless its priced right we keep tabs on them until they get into a price range where its a buy.

I also ordered the Rich Dad's Roads to Riches: 6 Steps to Becoming a Successful Real Estate Investor audio program and listened to it several times.Now I am seeking to further my education by asking questions and reading through all the information on these forums.When I'm not attempting to learn about REI, I love backpacking, hiking and camping.

Never heard of them but it sounds like a mentoring program.

A caption right from the investor's guidelines:[b]Additional Terms for All Loan Programs: • Minimum credit score of 575

I'll let the investors answer 1 and 4; I'll answer 2 and 3.Always a pre-qual/approval letter or proof of funds if paying cash.Always a earnest money deposit.You do want to buy and actually close don't you?

If you are serious about buying into a tenant in common program and would like some choices from respectable and trustworthy people in the industry email me and I will get you in touch with someone who has a perfect reputation and has been in business fro over 20 years.

I helped push for and eventually pass an overlay that requires historic board approval of exterior changes in order to preserve these prominent homes in our west side neighborhood.