“Many seasoned professionals have been burned by jumping in too early”
Probably a pretty accurate statement. The people who make money in these situations don’t get them at an REDC auction or anything like that. You see these guys at trustee sales and they are VERY good at what they do. The fact that you see them letting all of the properties at trustee sales go back to the lender instead of buying them themselves indicates that they do not see value yet.
