From: "Mike Turco" 
Newsgroups: alt.invest.real-estate
Subject: Re: RE business strategies
Date: Thu, 15 Apr 2004 12:28:33 -0700


"Bubba"  wrote in message
news:b4qfc.26607$K_.683978@bgtnsc05-news.ops.worldnet.att.net...
>
> "Mike Turco"  wrote in message
> news:h65fc.6444$ab3.801@fed1read02...
> > I am just getting started. I want to work with foreclosures and
distressed
> > properties. I've put together a pretty good team of people, I think,
with
> > whom to work, but I'm lacking knowledge in a couple of areas and I need
to
> > fill in some of the blanks. FWIW, I live in California.
> >
> > First off, of course, there is a *hell* of a lot to learn hear. I'm
> reading
> > books and web sites as fast as I can. I plan to take classes at the
local
> > college but those don't start until this fall. I don't plan to get a
sales
> > license, but I have to see how things go, and it makes sense for me to
> take
> > the required classes anyway. My first question, therefore, is regarding
> > classes, books, study materials, etc. Are there any 'must have' books?
> (When
> > I used to program, there was a book on C Language Programming that
> everyone
> > called 'the bible'. Is there such a 'bible' for RE investing?)
> >
> > Also, obviously, I want to form a corporation, and one of the reasons I
> want
> > to do that is for some form of personal protection. I understand the
> basics
> > of holding shareholder meetings and all of that, but I'm really
concerned
> > about getting sued and seeing the other side 'pierce the veil'. If
anybody
> > has some advice or experience in that area that they'd like to share,
I'd
> > appreciate it.
> >
> > Thanks!
> >
> > Mike
> >
> >
> >
>
> I have just one question.  If as you say, you know very little about what
> you are trying to do, how would you possibly know if your choice of
partners
> is a good one?


Because I've known these people for years, have worked with them, and I've
seen what they've done in this industry.

Is that Bubba as in Grandma, i.e. Bubba and Zada, or is that a nickname?

Mike