Most of the people that were joining (like most seminar attendees) had no real knowledge, credit or funds to actually invest in real estate.

Many, many investors have made more than sufficient profits from buying and holding for the future appreciation (speculation).

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If the lender chooses to sue the borrower and obtain both a foreclosure order, and if the proceeds of the judicial sale of the real estate are not sufficient to repay the loan balance, then a deficiency for the balance.

OTOH, the eviction specialists usually offer pretty low rates for that specific service, but should not generally be relied upon for unusual situations.By your post, you are a noob, so you probably are not starting out with complex, multi-million dollar deals, so the eviction attorney will probably be sufficient to handle other minor contract related issues, and setting up standard corporations or partnerships.

Do you have the funds to buy and do the rehab?

Any help needed.Use hard money, private money, or your own funds to purchase then use a conventional lender to pay off the existing loan or get your cash back.

Yeah, chances are if the sidewalk is as poorly constructed as you can see -there's no expansion joints, mesh and there's not a sufficient gravel base beneath the existing concrete.

To utilize this strategy most effectively, use an entity, an LLC partnership is recommended for rental properties.If you are looking at projects requiring rehab, you can take private money loans at set interest rates (similar to a HML) use their funds to rehab the project, then refinance and cash them out.

My wife and I were planning on funding an emergency fund to cover unexpected maintenance and vacancies, but were hoping to keep that money and finance the property with a 100% or 95% loan.