Six units in Glen Arbor or Williamsburg sounds high to me unless of course there is water involved.

That is, playing defense when it comes to money might not sound all that sexy, but I bet there are 10,000-20,000 investors who would have given their kidney to not have lost their shirts in 2008. 

Trying to determine if the bank owns it or if the original owners are still involved.

I am currently a full time nurse but want to get involved in investing so that I can have a more secure future for myself and my future family.

@Jon DorseyYou can't create tax basis above what you paid for the property unless income realization is involved. 

There is no magic formula, but there are some interesting strategies he uses (nothing illegal), just some creativity involved to get to the front of the list, eventually.If someone doesn't want to sell today does not mean they wouldn't want to sell tomorrow. 

Hi I was recently involved in a scam of real estate.

Here's hoping that this is the most volatility we'll see for the rest of the year, but something tells me all bets are off.

But again not predicting it but there is the thought process that ( and or good reason) that these are loans that once taken are good until you sell the property etc.. the bank is not going to advertise this fact. you need to read it in the docs and I bet most of the MLO's at the credit unions don't even know what the docs say.. :)

Given that the only ways to lose money in this industry are bad investments and lawsuits, I’m not willing to bet my portfolio that I’ll be in the lucky 10% of people who never have problems.