I always get 2-3 yrs of actual financials and the last month's rent roll, otherwise I'm just shooting in the dark on offers and the bank always needs these to qualify the property for a loan.

Lokesh: if the home is owner occupied now and the owner is paying more than 31% of net income for PITI, than she could be eligible for a modification if the lender participates in Making Homes affordable. there are other in house modifications as well.If the homeowner qualifies the minimum payment could be as low as 31% of the owners gross income if you calculate a 40 year amortization at 2% for 70% of outstanding balance with a 30% balloon at the end of 40 years which will have no interest or payments for 40 yrs you will see what a minimum payment could be .

Been an investor for over 9 yrs.

.$330,000 at 4% for 30 yrs is $1575.47 per mo PIThis gives you a purchase price of $412,500 w 20% down.That is $82,500 cash down plus closing costs.This assumes:1.

This way you have the best financing and in 2 yrs you might be able to sell tax free.

So, at 38, got a job for 20 yrs, just quit.

. $525 times 120 mos.(10 yrs.) = $63,000.If a property will pay all my initial outlay back in 10 yrs.

Bienes Raices, I am seeing prices 10-60% higher over the past 2 or 3 yrs.

Lived there for 7 yrs.

Looking more towards long-term capital growth followed by high cash flow down the road (10-20 yrs or so…).