I have been playing around a lot lately with IRR, MIRR, NPV and the rest to understand a few investments.

It's a divorced couple, so I'm planning on speaking with each of them individually, to get the necessary paperwork and forms.

My best advice for getting the best deals...close quickly and cleanly with a reo agent in your area to establish rapport, then make it loud and clear you are ready to play.

Are you dealing with an individual or a bank?

I think I will stand back and watch how things play out and ask questions here as they arise.

I know i'll have to go through ALOT more properties to find a deal, but the problem is finding the deals.The papers have nothing, driving for dollars hasnt been much success, and direct mail is a bit pricey.I think ill be doing some bandit signs this weekend and see how that plays out.

I have heard that, as of August 15, Fannie Mae and Freddy Mac have limited an individual to 5 mortgaged properties.

It appears to me that Ron has all the pieces necessary to become successful but they are spread out into individual bootcamps.

From my point of view, non-performing loans look great from afar, but are really hard to do with less than say $20,000,000 to play with.

I'm a beginning investor and i see the power of using private funds but i just don't know the proper and legal way of doing this.now i know about talking to people you know, other investors, and marketing to other high net worth individuals, which all of this i would consider the first step in the process.the second step i'm guessing some will say is working out the agreement/financial details with the your private lenders once they say they want to invest (which i plan on doing all this in step one, letting them know they're either going to invest as a lender or has a partner and this is what they'll get in either scenario)but my questions are:1. when do i have to worry about the SEC?