I specialize in financing for real estate investors and am lucky the company I work for has been well run and is great shape even with the industry in this condition.

I see what you are saying reference the numbers.I also agree that the numbers for that type of consumer and transaction may not be the bread and butter of the industry.

I am unsure if I would feel comfortable investing way of state, but I am new to the 'game' myself.

i work in the service industry myself and know plenty of tip earners that earn well over a six figure income by working valet, bartending, or wating tables..

He is highly respected in the industry and very smart.

Are they the real deal in the industry?

They bought into a game they could not afford to play in the first place and a 1/2 point off the Fed Fund Rate is not going to help them.Good Luck,Jason

Detroit and the auto industry is another easy example.

yes it can take a month or longer the name of the game is to be persisitent without being pushy....all the whilke keeping your buyer waiting

At the same time there are property investors with very large portfolios (20,000) so there must be something that works.I think what you will find is newer investors or amateurs who are not on top of their game get into more trouble than seasoned investors and professional property managers.Warning: watch out for real estate agents who manage part time while filling in the gaps between sales.