If there's a bank willing to do a blanket loan on only two residential properties the news would be out.

Four mostly European banks who have operations in the US but more in the secondary market or through specialist lenders.Chase the deal but expect you might not find an inside track.John Corey

I just saw on the news, raleigh nc was the #1 sellers market in the country.

Lots of junk happens during a foreclosure so cutting corners later is bad news.

The exclusion amount is $250,000 for unmarried homeowners.Americans who own two homes frequently sell one and live in the other for two additional years to claim the benefit twice, which is permissible.The proposal adopted today would let only a portion of the profit on a vacation home be excluded from tax, depending on how long the property has been owned rather than lived in.For example, if a married couple owned a vacation home for eight years, then lived in it for two years before selling, only 20 percent of their profit would be eligible for the capital- gains exclusion.Last Updated: October 4, 2007 19:53 EDTSource: Bloomberg News

I expect the moderators will have a comment.You should Google, this site and the local news papers for RE investor meetings in your area.

I get his news letter.

Go through your local news papers and send LOI or residential purchase contracts, I prefer LOI's and you will get a lot of calls from Realtors that never seen an LOI before and may say they can not present the offer.

Just got the news. winds up to be just about 2% of purchase, where as in NYC your looking at 4-5% in total due to the State/County mortgage tax.

I've been watching closely on the news about mortgage lenders filing for bankruptcy and had a question.