FHA or conventional loan - different flavors the number 3 option.

Correct me if I'm wrong but the city does not really have a distinct Low, median, high income area.

I believe I have a distinct advantage because I've lived there, explored many of the neighborhoods, and have family, friends and fellow investors there.

Hi All,I've read through most of the posts on tenants wanting to break their lease, but wanted to post this slightly different flavor here...My tenants just called yesterday w/ a situation... we have a 5 bedroom house rented out to them - a couple and their grown daughters - and one of these daughter's boyfriend, and on the flip side of the generation, the couple has one of their mother's living w/ them as well.  

One of my biggest takeaways from reading this book was the distinction between "self employed" and "business owner".

I think there is a very important distinction that should be made here. 

To add more flavor to this situation.

However, you need a RE License to bring buyers to a seller.Wholesaling is different because you are contracting for yourself to buy the property, then selling your stake in that contract to a third party in exchange for a small fee.I know it seems like semantics, but I think it is an important distinction to make as you can get into trouble for "bird-dogging" without a license.

This distinction is very relevant in states that want active note buyers to be licensed as debt collectors.If you plan on buying them for your fund, I would definitively sign up with one of the companies that monitors licensing requirements and help you stay compliant.

This distinction can have a huge impact on a buy/hold property.