Sorry for the delay, but it ended up being a weird set of coincidences and other things that got me totally confused and looking back now, it was no different than what I've seen countless other times on title reports.

Hello Eric Welcome to BP, you will fund countless resources herebest luckNereo Mendoza

Depends on your time commitments and pre-tax annual cash on cash desired for your alternative investments versus the one you currently have.The question becomes how hard you have to work for that 1,000 a month cash flow??

I have heard countless people say things like this before and the bank forecloses or they lose their shirt, etc.They say they want to honor the mortgage commitment to the bank but the property being that much underwater and damaged sometimes it makes sense to walk away.What if someone gets hurt or killed on that property and they get sued as the owners to add insult to injury??

I've spent thousands of dollars and countless hours on mentoring, courses, and seminars, mailings, driving for dollars, knocking on doors, the courthouse, recorders office, hours and hours of tapes, cd's and Mp3's. just to do a handful of deals.

I just don't recommend it as an ALTERNATIVE to targeted direct mail to a carefully selected list.

I like the idea of picking up several properties (and experience) quicker compared to NYC, but am worried about appreciation.2) Alternatively, what strategies do my fellow NYC investors implement and/or recommend?

I spent countless hours creating CMAs and Marketing Programs for prospective clients just to make a positive impression when I was able to obtain a face to face presentation.

This will give you the best protection and could be much cheaper than the alternative.

Sometimes even if the deal is strong they might not want to do anymore of those loans.This is a smaller type commercial loans so maybe call the banks first and then try alternative sources after that.