Good location for a rental..not an OO, as you can see the highway from the top floor.

Paying it off is good but sometimes having a bit of debt outstanding will actually raise your score.

Payment history (seasoning).I discount the amount outstanding to get the yield I want.

Here are just a few of the projects taking place there:A coastal highway is being built from the Arizona border all the way down the Coast of the Sonora State 350 miles long and to be completed by the end of 2008.A nautical ladder is being built and to be completed by 2009.

Even if you just refi for the cash you have outstanding, $59,445, with pretty optimistic assumptions, 6.5%, 30 years, the payment (P&I) is $375.

I've already checked with the county clerk's office and confirmed there are no outstanding leans besides the one on each that is foreclosing but I can't close on either because the residents aren't there to close with, the banks haven't taken possesion yet so they won't talk to me, and while I can get preapproved for a loan to get one of the houses, the bank won't supply the money until I have contract in hand, which means I can't use the money at auction.

As long as we can locate the bottom of the market with some semblence of accuracy, we'll be able to enjoy some inflation-corrected appreciation and lower costs of borrowing at the present time.The point about insurance on homes in Florida is an outstanding one.

Rates between 6% - 8% (Interest only also available) The formula they use to determine a project's eligibility goes as follows:50% of Appraised "As Is" Value - All outstanding liens = “Net Equity” (must be greater than or equal to $500,000)If the project passes this first test then the loan amount is equal to “Net Equity” * 10.It is possible to pledge other assets (commercial properties or liquid) to satisfy the $500,000 minimum requirement.That's it!

When in reality she was having fun while I was working.So the advice I gave her...Stay Off The Highway!

Buy one on a highway in the way of growth or redevelopment and enjoy a 10 cap while waiting for a developer to take you out at a health multiple to what you paid.