Buenos dias, Rogue Investors.

I am happy to say that for the last several months I have been learning Spanish.

Why?

I like to challenge myself and many of the most beautiful beaches in the world are located in Spanish speaking countries.

I call it looking for Bonita Playa, or pretty beach, and it is something I have enjoyed doing for the past five years. The pursuit of beautiful beach property is what led me to the French Mediterranean.

Often, one of the important attributes of ocean property, or any property for that matter that you want to build a structure on, is the topography of the land.

Here is an example of how I find topographic information online before I visit a property.

A topographic map, such as a U.S. Geological Survey topographic map, will provide elevation data for topographical features of your subject property.

Go to http://terraserver.homeadvisor.msn.com

You can then search by street, city, state, longitude and latitude by entering information in the fields so labeled appearing on the left margin. You can also find your site by clicking on the green areas of the map to zoom in. 

For this example, enter "North Edwards, California" for the search term, and then click the "Go" circle.

You are then redirected to the following page: http://terraserver.homeadvisor.msn.com/advfind.aspx

On this screen, the available topographic maps and aerial photographs are listed. You can select the image you would like to view by clicking on your choice.

Click on "Aerial Photo 5/28/1994." You are then redirected to the following page:

http://terraserver.homeadvisor.msn.com/image.aspx?t=1&s=14&x=132&y=1211&z=11&w=1&qs=%7cnorth+edwards%7cCalifornia%7c

You will have to experiment with zooming and scrolling.

Click on "Topo Map 7/1/1976." You are then redirected to the following page:

http://terraserver.homeadvisor.msn.com/image.aspx?t=2&s=14&x=132&y=1211&z=11&w=1&qs=%7cnorth+edwards%7ccalifornia%7c

You will have to experiment with zooming and scrolling. It is helpful to print the images for your later review.

The business documents for Banyuls Investments, LLC are nearly complete and we have only three spaces left for investors! If you would like to learn more about this opportunity, visit:

http://www.rogueinvestor.com/Banyuls/Banyuls.pdf

To make sure you have a chance to go and participate in some of the amazing real estate deals we have found in this area, we will be returning to Beautiful Southern France in September 2006 for a second real estate investing trip. Should you decide to go with us, here is your itinerary:

Saturday September 9: Leave from your home en route to Barcelona, Spain.

Sunday September 10: Arrive in Barcelona. If you live on the East Coast, you may be able to leave early Sunday morning and still arrive in Barcelona the same day. When you arrive at the airport we will travel together to the NH Hotel in Barcelona where we will be staying for the night.

Monday September 11: Meet at the lobby at 9:00 a.m. and have breakfast at the hotel. The continental breakfast at the NH Hotel is fabulous. After breakfast we will drive across the northeast tip of Spain into southwestern France. Once we reach France we will drive you into wine country along the Mediterranean Coast. The views are spectacular. We will stop for lunch in Port Vende at one of my favorite restaurants, situated directly on the Mediterranean Sea. As we work our way along the coast we will visit some properties in the coastal towns of Cerbere and Banyuls Sur Mer (translated into English, "Vineyard by the Sea"). By late afternoon we will reach our hotel, the Mar Del Sol, which is situated on the Mediterranean Sea in Saint Cyprien, France.

Tuesday September 12: Meet for breakfast at the hotel at 9:00 a.m. After breakfast we will spend the rest of the day visiting properties in Canet and Saint Cyprien, two of the most beautiful and undervalued coastal areas we have discovered.

Wednesday September 13: Again meet for breakfast at the hotel in the morning and then visit properties in Elne, a quaint French town where real estate is poised to explode in value once the TGV (high speed bullet train) is completed in 2009.

Thursday September 14: Head to Narbonne, France to visit some beautiful preconstruction investing opportunities. Narbonne is known as the city of canals. In addition to visiting properties, you will be allowed time for some shopping in the thriving market area.

Friday September 15: Head back to Barcelona where we will stop at the famous Salvador Dali museum in Figueres, Spain. I guarantee you will not forget this museum. Salvador Dali literally built his collection into the museum and it is one of my most favorite places in Spain. On Friday night we will stay at the NH Hotel.

Saturday September 15: The real estate investing trip is over, but if you want to stay longer you are free to make any plans you wish.

If you are interested in signing up for this trip please act quickly. We can only accommodate up to seven people and two of the slots are already filled.

Here is the link for more information about the France Real Estate Investing Trip:

http://www.rogueinvestor.com/european_real_estate.html

Adios y feliz inversiones de bienes raices (Goodbye and Happy Real Estate Investing),

Bryan Rundell

P.S. Change in South Dakota tax sale law. Beginning July 1, 2006, counties in South Dakota will no longer be allowed by state law to sell tax lien certificates. Instead, counties will hold any tax certificates that are issued. This new law does not affect any existing tax lien certificate holders.