Unfortunately, it's going to be tough to have such a limited role in the investment (especially with limited knowledge/experience) and still be successful on your own.

At the lower end the mistakes are not nearly as costly and the knowledge gleaned from those mistakes is very valuable later on.

I spend some time in KC and was told Lisa/Alpha Title on 20th and Main still did them but I dont have first hand knowledge Good Luck

To my knowledge there has never been a "cram down" reduction of principal amounts owed in any ED process, only through bankruptcy at the federal level.

One who's knowledgeable about real estate.Bronchick does run a REIA - CAREI - Colorado Association of Real Estate Investors, that has meetings in Colorado Springs.

With so many knowledgeable real estate professionals here, I feel this is a good place to solicit feedback on this important discussion.As a private money lender, we are always looking for trends in real estate so we can gear up our money sources to lend on new property types or project types.

I assumed it was public knowledge not to hide it but perhaps limit future losses.....but then again, it might not be so bad of a hit, I wouldn't hold it, but he may be happy to.

While a closing agent is not required to tell you everything they know, they do need to answer questions that concern you, so just ask...In this case however, the seller was your mentor, so you had knowledge of how the guy operated, at least the types of transactions he used and seems to me that in itself should have been fair warning in dealing with him in the first place.

Were you to flip homes in your name only, you would not be allowed the two different tax treatments to my knowledge.

There is very little difference between Roseville and Rocklin except the Rocklin Unified School District has a slightly better reputation, but Roseville is far from bad.