Even if you had a good deal, how much did you make after taxes?

This means no DTI, personal income verification, or tax returns are required.They’re also becoming a powerful tool for BRRRR investors during the refinance stage.

While the property was 2 build eligible, due to the lot size, highest and best use would be to rehab the property.

I hope you or someone is at least keeping an eye on your properties for break ins, squatters, roof leaks, temperature control, frozen pipes (if in cold climate), if you have a basement and sump pump goes out leading to water damage etc.I just talked to two investors in California that have let their properties sit vacant (no mortgages so paying property taxes and insurance).

So if I understand correctly, RWN brought shady deals to their investors, watched them invest without proper due diligence and investors got screwed?

Meaning, the bank wants to see that a property cash flows for typically one to two years of tax returns before they count it as income. 

Secondly, the homeowner would need to cooperate as she would need to submit a bunch of paperwork including income statements, tax returns, etc. for the Short Sale application to show that she is insolvent.  

But weigh the costs of insurance and taxes against the cash flow and make your decision accordingly.

Take ownership of your mistake and learn to do the proper due diligence recommended above😊

The homeowner has direct title, can sell at any time and gets 100% of the appreciation and tax benefits on these houses.