You could network with that self appointed REI Genius, Armando Montelongo!!!

By the same token, you need to have effective, clear, checks and balances in place to KEEP your employees loyal and honest.

You want to give your self at least 30 days to do a short Sale before the auction.

Has anyone used HSA's and if so, have you self-directed it and invested in RE?

Is going down to the courthouse and getting a list of the people going in forclosure or an absentee list actually more effective or better names than a list from melissadata.com for example?

I am about to process a Short Sale with IndyMac Bank, it light of what happened to them , with the Feds taking over does anyone know how this will effect the SS process.

As I began seeing how effectively I can do it, and when I began looking at the numbers from investors' perspective, I see there is great potential for me to pick them up and sell them to investors (the margin is there for me to deliver them to investors at good prices).

We will get 4 houses, so each of us effectively owns 1 house.

`(b) Purpose- The purpose of the HOPE for Homeowners Program is--`(1) to create an FHA program, participation in which is voluntary on the part of homeowners and existing loan holders to insure refinanced loans for distressed borrowers to support long-term, sustainable homeownership;`(2) to allow homeowners to avoid foreclosure by reducing the principle balance outstanding, and interest rate charged, on their mortgages;`(3) to help stabilize and provide confidence in mortgage markets by bringing transparency to the value of assets based on mortgage assets;`(4) to target mortgage assistance under this section to homeowners for their principal residence;`(5) to enhance the administrative capacity of the FHA to carry out its expanded role under the HOPE for Homeowners Program;`(6) to ensure the HOPE for Homeowners Program remains in effect only for as long as is necessary to provide stability to the housing market; and`(7) to provide servicers of delinquent mortgages with additional methods and approaches to avoid foreclosure.

Effectively, you have multiple LLC's without having to set up multiple entites.