It's hard for me to call myslef a real estate investor at this point, once I have several deals under my belt and a bit more 1st hand knowledge I'm guessing I'll have a boost in my self esteem.

The asking price at that time as about $47.5 (and btw it was the ONLY house we looked at that had all the copper pipe remaining) Anyway after looking at a few more 2 families and about another month or so passing they dropped the price dramatically.

They need to understand that they are getting immediate relief from their mortgage payments, you will boost their credit score and it would not make sense if you did not make the payments, because you don't make money until you sell the house.

Housing prices rose dramatically from 2001 to 2006 (in many places, not all) not due to inflation, but due to supply/demand.Exactly why oil prices are so high is an even more complex question.

In the case of FSBO, you may run into a seller who has an over-inflated idea of the value as Ned mentioned and on the flip side, you may find one who has dramatically under-estimated the value, hence a bargain.

HELOC interest rates are based on the prime rate from the Fed, and since the Fed has dramatically cut down the rate, the profit margins for banks have diminished.

Adding to that the fact that it is closely monitored, keeping out the pie in the sky get rich quick people, greatly boosts the overall appeal.As a residential mortgage loan officer, I started out deciding I wanted to first get my broker license and also branch into commercial, eventually working into real estate investment as well.

The boost in business was small, but I got some repeat customers in terms of other local small businesses that like to support locals.

In one year you should be able to dramatically improve your cxredit unless you have BK or foreclosure on your record.

The MSL number is not valid any longer.We went and looked into the windows yesterday to find out that the home has been stripped, the entire kitchen, and all bathroom cub boards, granite counter tops, fixtures, appliances, even the kitchen sink is gone.We realize that this has dramatically reduced the value of this home and we would still like to make an offer on this home hire a out of work sub- contractor to work for cash and replace everything back the way it was.The question I have is when I looked up the property records the home is still listed in the person's name that has defaulted but the clerk and comptroller's office is showing that this person has a judgement against them on this property from back in December.Is it possible that the records have just not been updated quick enough to show that the bank now owns this home?