Originally posted by Carlos F.:I

Carlos F. I

seriously guys, look into cheaper ways to buy. using the funds from a re-fi from one house to buy more than one new house is growth. growth is what you want to do. make your money work as hard for you as you can. finding houses that are dirt cheap is the answer. there are several ways to buy real estate that are nonconventional. several years ago, the federal government restricted the number of foreclosures a bank can put back onto the market. consequently, that forced the banks to hold onto the less than desireable foreclosures and market only the best that they have. that added to the carrying costs of the remaining houses that they could not market. finally, they had to make a decision; hold onto those houses until they could market them, or dump them in light of loosing the carrying costs. most banks chose the latter. so, now, you have thousands of houses that the banks just dumped back to the previous owners by filing a release of lein with the counties that they are in. legally, you have a house that the bank no longer has a claim on, and the previous owners either do not know they own it again or they don't want it. there is potential for a hell of a deal.i bought one for $2000 on a tuesday and sold it for $10,000 on thursday. i also bought one for $2250 and picked up the back taxes for $4000. that one i am holding onto to rehab and will be worth $50k when i am done. tax sales are a great place to pick up extraordinary deals too. your problem is NOT on your cash end, its on your buying end

http://www.latimes.com/business/la-fi-fannie-mae-freddie-mac-mortgage-downpayment-20141208-story.html3% down government loans will be back for first time home buyers.

I use Buildium for our property management business here in SC.  I

I'm sure it could be done, but You'll need to be prepared to cut a check to the mortgage holder for the entire mortgage balance within 30 days after You receive that one letter they send out, calling the loan.Then the next move would be an emergency 30 day close re-fi, and then having to explain to the new bank, why You need to replace the existing mortgage.It may be time to rethink this plan.John

NoneI've watched our own home here in N.Fla (1650sqftStick Built Frame 4b/2.5Ba rise since 1995 from $54k to now valued (appraisal last week for another re-fi) @ $298k on 5 acres; we've put on a new roof, upgraded A/C units, & done some BASIC landscaping...nothing more;An adjacent 7.5 acres purchased same time...raw land...1.4K per acre...then, $14.5 k value now(at least, several comps locally exceed this figure...hmmmm?)

Hello,Michael Here, all my friends call me "mick";Licensed Mortgage Broker w/a portfolio of private lenders in the SE-US (& always seeking more) w/ROI's on portfolios of 12-18% on Dirt,brick&mortar, 18-24.99% on DWMH's, Boats, etc.1 F/C out of 380 loans sold so far.Every scenario is different.IF YOU NEED MONEY for Purchase-Investment-N/O/O-Commercial-Waterfront-Hard Equity-Short TermRe/Fi-Rehab & the "Big Boys(read=BANKS) R saying :protest: & the Mortgage Guys&Gals U know R saying :violin: Let me B U'r :superman: It's ONLY $$, Right?!

I don't know about you, but my new FI plan is to retire on a passive income of $2k/month and live in Malibu at an out-of-pocket rent of $600/month!

My son has just begun his 2-year journey training as a Navy Nuke in Goose Creek SC.  I