Originally posted by Justin Schmelzer:I'm just getting started - so I apologize if my question is dumb, but...If the bank thinks that it's smarter to try and sell off the debt as opposed to foreclosing on the assets, then why would you want the note?

i'd say it depends how much they put up as a deposit....if someone gives me 20 bucks to hold the place, i'd still show it for backups, just in case...if someone puts up 1st month's rent, i wouldnt' waste my time...just my 2 cents :D

This is where networking is important, we go to my guy's house for dinner every Tuesday, and see him two or three times a week socially, his investment vehicle is very open, we can pull our money out when it is not tied up in a house, and he has us on title for any house we own, just in case.

Just in case.Good luck!

Or do you think he was trying to do the right thing, just in case you did.

Many lack any true character, they are just in love with their wallet and want to transfer the contents of yours to theirs.

Stretched lumber goes to the lumber yard.Lowes can also match and beat pricing from a lumber yard, but it's a really good way to piss off your rep at the lumber yard so I try not to do that unless I'm in trouble.Doors, windows, and flooring should all come from supply houses... not Lowes or HD.

I was thinking about talking to my sales rep about group pricing and see why we could do.What are you paying?

I was told by a rep at one of the big three auction firms that Fannie does an analysis based on the last listing price to set their reserve.

Ryan - I got your email and am waiting to hear back from my reps at TransUnion to see what we can do to help you out.