Last week I send out a first round of yellow letters to a list I build of Pre-Foreclosures I compiled from RealtyTrac.Today I am actually getting a few calls (which has been great) but two people, who apparently have a very good LTV equity ration told me that they are going through a shortsale, so I would have to talk to their realtor if I wanted to get inline.I was under the understanding that a shortsale was when people were actually underwater... how someone who has a higher equity than what they owe will go through a shortsale?

We don't do that because it wouldn't be rational. 

I mean it was a bad deal, you recognized it, and didn't try to rationalize it...just passed on it, and went on to the next one.Good job.

Many investors first use GRM (using listing price as the price in the formula) to filter out properties they don't want to consider that don't hit a minimum GRM, then use a quick estimate of NOI/listing price, to further filter properties that don't hit that minimum ration, and then dig into further details to arrive at an offer price for the remaining properties.

If you plan to live in the property, you should be able to qualify for a high-ration mortgage of 90% - 95% LTV ... though, I'm doubtful your property could carry it.

I've read some others post and read other pages, I was just wonder about a little more I for about Cash Flow Notes, simplified for someone that doesn't know all the terms and understand the rations like myself.

., I will openly admit that not allowing reptiles in my units is completely arbitrary.Cats I exclude because I am highly allergic to them and can't stand them, but there is sound reasoning with how destructive their pee is to flooring to back that decision up.With reptiles, it's much less rational.  

If anything, I was able to rationalize the structure with existing case law.

If she is Section 8 then the majority of her rent is being subsidized anyway, so as long as she is till there you are entitled to the pro-ration of that rent.I have no understanding of the past history with this tenant to know how much of a nightmare she has been, but if all they are asking for is one more day and are being communicative then it's not worth it to go after her. 

It is possible for a building to be in contravention of the zoning under the current municipal plan, but to have been in compliance under zoning at the time of construction/modification to its present configuration {allowing it to persist unless the building is altered again in some significant manner} - this is the rational behind requesting the Vendor obtain a zoning confirmation letter.