Hello, quick question to all the EXPERTS out there...I was approached, on my own residential property, by a Realtor, who was showing a client a short sale across the street.

So I decide to take help from some expert before I buy any property in Detroit.

So, yesterday's experts became today's "gurus" through the proliferation of books and the seminar circuit.

I'm not an insurance expert, but...At minimum, you are going to want a Landlord's Policy to protect the property while it's being leased.An umbrella policy will protect you (and your business) against liability over and above the individual policies that cover each of your properties.

Originally posted by MikeOH:Reading a bunch of guru books might get you hyped up, but it won't provide the information you need to start a business i just finishe abc's of real estate, part of the rich dad collection... i'm no expert but from a noob's point of view there seems to be a good amount of info in there... just seems that there are probably d's e's and f's that he dosesnt cover :-)

Especially if that someone is an expert!

Okay, so we had an inspector come out to my fathers home that is very distressed. We own the land and home free and clear so we do have investment in it.

However, it looks like ( from the initial inspection), we hav...

Use caution, use pastels and ask for advice if your not an expert at this.

I'm no REO expert but my guess would be to wait till BofA takes it back and then let them clear up title and make an offer to them directly.

I'm no expert on note buying, but I don't see how you would do this as you describe.