The amount of business they miss is tiny compared to the mainstream deals (retail buyer who expects to stay a while).

He bought it 3 years ago for 130,000, and did a little work on it recently.The sign on it now has a few letters and a phone number, not a real estate agent or company.After reading a TINY bit here, I wonder if that seller now is a wholesaler, or at least someone who bought it at a lot less and is now asking the same as what the original fellow had.

The fund which requires $500,000 minimum investment focuses on buying non-performing credit card debt in wholesale quantities and prices from major card issuers and then converting some of it into current, paying debt.

If you want the deal, I simply assign it over to you for a very tiny percentage of the equity.The bargains I come across are usually very diverse.

I have a 610 credit score, want to pull out max sum I bought it for 25k I think it should apraise for 35k.The loan amount is tiny.

Boise City, OK is tiny.

But,expecting to buy it for $20k--unless he's not been following real estate prices for many decades, that would seem to be unlikely.Use this letter as a jumping off point for a larger letter writing campaign and you might snag a deal through the quantity approach.

I would be wary of using it, especially in large quantities and for real goods.

Gunnar,Thanks for the reply.To make sure I am understanding you right, it sounds like it is a 'standard partnership' using an LLC, that I assume the different members have different quantities of shares depending on their percentage of the investment?

I don't know how you deal with the Mello Roos in Ladera... approaching 2% on property taxes for homes on tiny lots with bad freeway access... yikes.