if one has a good friend that is in the contracting business, able to do a lot of the renovations himself. what kind of partnership proposal would entice someone like that to maybe provide renovation at a very low cos...

Approval is also based off of your credit score, so make sure your score is up to par and you've done all your research on which financial institution you plan to go with.

As we prep and save, we are here to learn all we can about the Boston, North Shore MA and national markets (also interested in NC markets).

Read it, keep it handy, and read it again.Second: Security deposits MUST be held in a state chartered institution such as your local bank.

Actually strict registration and inspection laws were passed at least as early as the 1990s in MD and maybe earlier elsewhere like Massachusetts.

While you're right in some regard, I'd say the speculators were just the tools on which banks built their toxic balance sheets.Here are the 5 pieces of the housing bubble machine:United States GovernmentBill Clinton rewrites community reinvestment act in 1995 basically making mortgages available to most borrowersFinancial Institutions Originating NINJA Loans like crazy to repackage into mortgage backed securities (MBS) and sell to investorsESPECIALLY SUB PRIME MORTGAGES which generate the best yield Banks sold these off of balance sheet within 30 days of origination so as to never experience the penalty of booking a high risk loan (no collections expense and no charge off)Federal ReservePinned interest rates at zero bound to help recover from internet bubbleCreated a lot of leverage in capital markets to buy MBSIncentives for consumers to spend on housing and HELOCsHedge Funds buying Mortgage Backed SecuritiesHedge funds looking for yield had a great demand for MBS, especially on subprime debt (nobody defaults on mortgages, right?)

I believe you will hear the term on the podcasts for this known 'house hacking'.So the rates you see published are available to the ones with the best credit and the finance institutions deem a safe risk.Now if you buy the house as an investor or non owner occupied your rate will be higher than the published rates you see even if you have great credit because the banks look at non owner occupied purchases as a higher risk. 

Sometimes financial institutions will stamp it on the Note rather than providing the document.

I just got approved for a $10K unsecured LOC with my main institution and then got approved for another $10K unsecured LOC with a credit union.

Hi everyone, I've been looking on MLS for a multifamily in Lowell, MA where I live, unfortunately there are no deals around within my reach, specifically 2 family under 200K and 3 family under 250K.