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.

Right now, my business is still so new that I'm still worrying about building a buyers list as well. lol I have one rehabber who I have on my list who is always looking for good deals, but I do need to work on building a proper list of buyers.

It is a tricky balance, as Charles said tightening up your home too much can have consequences.Other reasons for this are, boiling water for pasta, lots of plants, even lots of people.

I just found out that the property is in pre-forclosure and the mortgage is a non qualifying assumable. the balance is 14,000.

I'm a newbie investor from NYC just starting out in the business.
I've spoken to some investors from NYC and they suggested since my funds are limited and my credit is bad that my best options right now would be to a...

I think that there should be a balance and you should if you can take some subject to because that will allow you to learn how to manage a property.See many as I am reading these blogs do not want to own properties they want to FLIP and make QUICK CASH.

Then again, maybe I wouldn’t have the balanced perspective on life, which is what I think DemosL was referring to.

Has anyone taken the time to look thru the top 4 banks balance sheets?

Who uses P&L's, balance sheets and income statements?