FLU finding deals like this simply take time. It is simply a matter of tracking NODs, finding out how much people owe, knowing the market and tracking it. While pros do this, being able to dry run it doesn’t take much skill, just the access to the information. I had spent alot of time dry running a few places and like I said, I made some recommendations to the guy and he shot a few of them down for various reasons so that was a good learning experience for me. It is not the pot of gold we are thinking it is from the outside looking in but the guy has done well. There were several others that I tracked but poof they disappeared so they were either cured or modified… arrrrrggggg…
For Chambord, as you said, at that price relative to the market today, it was indeed purchased below market and the buyer if quite happy. Is it my cup of tea? No not really but again, the buyer is quite astute, contrary to the remarks on BMIT about indians/chinese/asians not knowing the markets well.
