[djf]

Do you have $200,000.00 buried in coffee cans in your backyard? If not, you will need to get a loan, even at quarters-on-the-dollar.

The reversal we are starting to see in prices will be accompanied by a reversal in credit availability. There will be a liquidity crisis. I don't see how it can be avoided.

(I'm not talking about your particular situation, just generally.)

[zek157]

I always get notes. 30% down for investors. The house always has to pay the note plus a couple bucks. You can ride anything for years if it is slightly positive. I also look for houses that need work. Sweat equity is a beautiful thing.