in my case, the benefits of cutting losses via short sale or default would not outweigh the costs of credit deterioration. i plan on making investments in the future and i need to maintain my credit standing. more importantly, i dug myself into this mess and i want to get out in a respectable way. i'm wondering if i do sell, will i be able to benefit from capital loss to offset future gains.thx for the responses all!

You should be calling me to put you in deals where you make $8,000 profit after holding for 15 months, along with collecting a respectable 14% ROI during the time it was rented AND collecting interest on the payment.

Now I will add the caveat that this December and January have been the worst I've seen in six years with respect to tenant quality, such that a couple of colleagues and I actually stopped marketing our properties in the beginning of January.

Keep your head up and good luckI gotta respectfully disagree.

With respect to mortgages, the topic usually ends up wondering about violations of the "due on sale" clause in mortgages.If you need a loan to purchase, then your lender will require title insurance, and that lender will probably not be happy to have those other liens in place in a superior position (with respect to foreclosure).

I respectfully disagree about being able to get 1,000 homes up as fast you suggest.

It offers a similar ROI with respect to the equity partnership without the added risk.

Also be careful of the HOA bylaws down here with respect to renters.

I havent seen this yet in my area so I want to ask my expert colleagues about how this will go down if I purchase this property.My agent sent me an existing rental property.I searched the CAD for info and found Fannie Mae is listed as the "owner" and the lady who is listing the property and says she is the owner is listed as "previous owner"I know this lady and have respected her for years.

I'll die before they do anything respectable again. 2. they'll get sold off to some new place where that owner and head coach makes a championship legacy out of them...