You don't own the property but lease it out to a 3rd party...the money you receive from the 3rd party (your tenant) has no relation to the mortgage payment.

I've been investing in RE for well over a year now, and have had 2 properties that I've been relatively succuessful, a SFD property bought as a REO , repaired cheaply and increased equity by 40% and a 6 unit apartment complex that is now cashflowing and has increased by about 400% in equity.We will be finalizing some credit account the comming week to secure enough money to start buying atleast one property per month to add to our portfolio.Our goal is to buy properties in decent neighborhood at no less than 35% ARV , rehab and then lease-option or other type of seller financing/RTO deal.

Hi Everyone,I am relatively new to the site but I am interested in purchasing packages of foreclosures in the South Florida Market.

I found a way, but we would have to sign personal garauntees, which helps with the issues related to having 3 partners in a deal, but doesnt limit our liablity, which is my main objective.

I was able to retire at age 29 and moved to ore to raise kids and cows.

In areas that saw huge bubbles, FL, LV, CA, prices skyrocketed, but rents remained relatively flat.

Can you really find properties where you can get a rent this high, relative to the PITI?

I am interested in other investor's comments relative to the effect the current financial market crisis will have on real estate investing.

While I think you are right, it might be a stretch to think that we will all be waiting in food lines, I don't think things are going to be very peachy for much longer.Most everyone in the 30s probably thought the nation was in the 'information age' also.It's hard to see the effects of this economy right now, over the next year, as the credit crisis takes its full form, you will start of actually see people losing jobs.

I'm relatively new also and am focusing on wholesaling for much the same reasons you stated.