The economy is awful, job losses are at historic levels, and there is a huge opportunity to make money from this mess.Albert Einstein defined insanity as doing the same thing over and over and expecting different results.The truth is that knowing more information is helpful, but NOT sufficient.The lie is that knowing more is sufficient to succeed.The truth is that the people who succeed in real estate investing are not necessarily the smartest or the most knowledgeable.The people that succeed are those who go out and 'do' something.

Title and escrow will never go away, commissions are only there if somebody is in the deal before you and adds them, but the Loss Mitigation piece is a brand new thing and most people see it as a new expense with little or no added value thye just don't understand it maybe.

Provides that a person shall be deemed the owner of a firearm after the firearm is lost or stolen until such loss or theft is reported to the police department or sheriff of the jurisdiction in which the owner resides.

We started out in the auto industry helping dealerships raise credit scores for their customers and now we are focused on the Debt Settlement/Loss Mitigation Industry.

I've read some of MikeOH blogs and it said he's been on a low carb diet.

After all the work is done if your property does not get you the expected ARV then you will lose some of your profit (maybe even take a loss).I would expect this to happen the first time, because we all miss things.

They might price is less, though, if its clear it won't bring what they're owed and they are willing to just cut their losses and be done with it.

About the biggest downside is the loss of the write-off of passive losses, usually caused by depreciation and one of the main advantages of rentals when not primary job, reduce your taxable income.If a rental has a loss for the year including depreciation, which is very common in rentals, you can write off that loss versus other passive income ( investment gains, interest income) and lower your taxes, up to a limit.This paper loss vs real income will be lost as you don't pay taxes on gains in IRA or 401k and cannot write-off the IRA loss versus non-IRA income.With prices the way they are, low, and expected capital gains due to the unusually low prices of houses at the moment, not a killer point, but one to be aware of.Speak to your tax guy about the rules for a full view of the affects.Cheers.

But, if you start trying to show everybody who does shady stuff in this business you will have no time to invest.In my experience, when I come across someone shady I get away from them quickly cut my losses, take a deep breath and move on.

It would mean a loss of about 7 feet of wire.