You make your money, your bird dogs who bring you good deals make you money, your realtors who bring you good deals make you money, your end buyers make you money, your accountant who prepares your taxes properly makes you money by nature of saving it, etc.... you get the point.

ive been on her a few days and itroduced myself wrong, and just realized this is the proper way.

Almost zero interest and get paid interest on your reserves.....http://www.federalreserve.gov/newsevents/press/monetary/20081006a.htm Interest on ReservesThe Financial Services Regulatory Relief Act of 2006 originally authorized the Federal Reserve to begin paying interest on balances held by or on behalf of depository institutions beginning October 1, 2011.

Basically this has been the SS from hell.I dont want to bore you.But what my delimma is now is paying the 2nd note balance outside of escrow.The first lender will only allow 2500 to go to the second.

What is the proper procedure?

As collateral, I can use 80% of FMV of any stocks or CD's, 90% of cash value life insurance, 90% of assessed value of my properties minus loan balances OR 80% of appraised value of my properties minus loan balances.I thought it was interesting that they will allow discounted collateral off of either the appraised value or assessed value, because there can be a huge disparity between the two (and assessed values are almost never accurate in my area).This particular lender will also occasionally do commercial loans on residential properties, but they will only do a couple of those normally (which is why I'm going for a BLOC).I am working on pulling my stuff together for them, so we'll see how this shakes out and how much I can get approved for...

Its illegal here in Texas too, but we are allowed to act as an "intermediary" with proper disclosure.

People need to open their eyes and put money in it's proper place.

Having a proper business plan, multiple exit strategies, and the ability to properly analize the investments are also key factors in addition to purchasing at a large discount in any economy, bad, or good.

Whatever doesn't come in to pay off the balance is what the deficiency agreement will be.