Getting into the story behind this one..This deal was sourced from a large corporate wholesaler (no names) Originally listed as 179,999 as a "wholetail" deal with an "ARV" of 250,000 I walked the house and estimated it needed little in terms of repairs, though I knew a realistic ARV was between 215-230 However, there were tenants in the house without a lease agreement with the current landlord.

I have a feeling, and I could be wrong, that Loan Originators have a good sense of whether you'll be approved for a mortgage loan or refinance.

You cannot discriminate against the origin of the income and if there are vouchers involved income should make up the remainder of rent due not covered by the voucher.

Originally posted by "mercury":FORECOSURESDAILY.COM is the real deal!

Getting into the story behind this one..This deal was sourced from a large corporate wholesaler (no names) Originally listed as 179,999 as a "wholetail" deal with an "ARV" of 250,000 I walked the house and estimated it needed little in terms of repairs, though I knew a realistic ARV was between 215-230 However, there were tenants in the house without a lease agreement with the current landlord.

I originally started working with my current brokerage specifically because the broker said she was more than willing to sponsor me later to get my own corporate license once I had the qualifications.

Since it has been 7 years since your original post, I am wondering what you ended up doing?

But, unfortunately there was nothing I could do to help her because I had no connection with the original agents or parties in the transaction and the other party had already taken legal action. 

Originally posted by @Ken Badziak:Short of buying a property in cash and having it managed at a distance with a professional property manager, I think you'll find that the hassles and headaches of "traditional" IRA real estate investing just isn't worth it.

Originally, I didn't use service contracts, but with the cost of labor in NYC, it's far safer to use a service contract than to take a chance that nothing happens.