I called a friend in government. I told him I had some "bad" debt.  Some I owed and some that was owed me, and could I submit it for a payment?  I told him that if the government paid all the debt, it would be good for the country because when they paid my debts, I would be debt free and when they paid the debts owed me I would have money in the bank... Plus since they paid my debts, the person(s) I owed money to would also have money. Everyone wins! All one has to do is substitute Wall Street Banker of "me" and the word purchase for the word "payment" to understand how the $700 Billion Dollar bailout is going to work for Wall Street.

In our risk averse culture, we insure everything - almost...
As investors we attempt to insure against bad tenants, plaintiff attorneys and others seeking deep pockets. We use creative entity structuring and trusts to hide ownership of our assets. But one thing we fail to do is completely understand the first line of defense... our insurance.

While at the beach last week, I carefully watched the news regarding the major lenders like CountryWide and Thornburg Mortgage. Since the change in liquidity for mortgages, there's an opportunity for savvy investors.

Everyone is talking about all the bargains to be found because of the rising number of foreclosures and the excess inventory. It's true that sellers are beginning to discount price and bargains are showing up. You can expect even larger discounts within the next 12 to 24 months. But today, I want to talk about another opportunity.

The new opportunity is on the backend when you sell the property.  Since all the lenders are turning off the tap, it's time you step up and offer financing to qualified buyers. Wait there more...