The key is the equity position and the amount you personally are willing to "put at risk".

Wouldn't prices have to fall very sharply to create this situation, and even if he'd only paid off a little of the mortgage wouldn't he still be in a fairly good position?

Hopefully they will come back with positive results.

I look forward to hearing about the position you have with the development in our development threads/forums here.I just wish I had started at 23!

Sadly though too many times in today's society, (prime example being our President), the amount of effort you put into this or other areas of education no longer seems to matter much when it comes to positions of authority.

If you have a buyer who is ready to bring 10k to the table and all of the other numbers work, then it appears you are in a good position.

Buying and holding forever, and of course living off of the cash flowIf you do all three of these then you will be in a much better position.

If you want to sit out, woudl you be interested in making solid returns on your cash secured by 1st and only position loans on real estate at LTVs no greater than 70%?

In the rental property business, we typically make money through positive cash flow.

We found out who held the note; it had been sold twice and was a non performing, first position note.