While no one can predict the future with certainty, if rates are expected to rise significantly in the coming months, it might be wise to lock in the rate now to secure a lower rate. 

It is hard for anyone to convince me otherwise when I am doing it myself right now and it is working better than anything else all these "wise men" preach.Again as I said in the beginning, there probably are more ways to get wealth, but no one can tell me anything about how we are currently doing it.

The original seller whined about not getting any money out of the settlement.Ocwen had two years of legal fees and a non-performing note and had to pay a settlement amount with an NDA.The buyer understood how the system works and used it wisely.

You will eventually over-leverage and everything will come crashing down when the market turns or some other unforeseen event occurs.The wise, proven way to build wealth is to earn money, save money, and invest money.

In the form of memes @james wise will teach you about Clayton and you will see the truth. 

Quote from @James Wise: Quote from @Marcus Auerbach: I am not sure which one insults me more: the "I'll buy you coffee" or the "I'll buy you a steak dinner

The model just described is a model of and a recipe for disaster.Leverage used wisely is a tool and should not be looked at as the boogeyman...All opinions expressed above are just mine; while eating lunch and pondering Life... :)

Quote from @James Wise: Quote from @James Hamling: Quote from @Lucia Rushton: @James Wise my biggest concern is for new buyers who have no idea what they’re doing.

I am aiming for a home between 150-250k, which i can afford if all hell breaks loose, at a 5% conventional 30 year term loan (unless a lender or someone else can suggest me a better loan) My question is what are the minimum requirements for obtaining such a home (capital wise, credit score wise, salary wise) Who can i specifically talk to for these numbers and help me understand tenant demand, areas, and more specific information about my market?

Location-wise we work between San Bruno - Alameda, many locations could work for us commute-wise.