That's not defined precisely in their documents, so the statement about "two tax returns" is how I've interpreted it, with input from my mortgage broker.

You will find that letting people know this up front will get you more precise answers to any more questions you may have.By the way, what did you buy the condo for?

They are precisely the people we need to help get this economy moving.

I was already in the process of implementing every step he talks about in this book but it's given me a precise path to follow.

Do see REO and Fannie Mae properties in MLS recently, but have stayed clear, precisely for the reasons you reference.

@Eric Thomson I believe @Jon Holdman has given you precisely the right take on this financing.

The problem is since it's my first deal, I am not precise on how much cash flow I require yet lol.

I understand that the time value of money is needed to be more precise, but this analysis is for a property one has held for some time presumably.

So- kind of a weird question but since I was precisely 9 and 12 years old in these years, and all of the data I can find only goes back to 2000, can anybody tell me if OC values (or even So-Cal values) went up, down, or stayed stagnant between between 1993 and 1996?

:mrgreen: That's precisely it.