When you take away that over-supply (tighten-or, better put, "implement" lending criteria), you are going to drive down demand for housing, while keeping supply relatively constant (actually, due to rampant builder production, supply increased even though demand decreased).

When the going gets tough your friend will want a say in how to manage the property and it is when things go wrong the friendship is strained.

I have been doin my research and know the basics of everything, but just needed to tighten up on a few things like getting my contracts i got offline looked over by a RE attorney here in my state, to make sure is legal and learning how to evaluate properties to make it benefit me and the end buyer.

My advice is to tighten up your marketing.

To see if there is any loopholes and responsible awareness i need to tighten?

As the result of the sub-prime fiasco, lending practices have tightened.

The sub-prime meltdown has caused a lot of hard money lenders to tighten their standards.

Louisiana Representative Jim McCrery said the provision could hurt housing markets in coastal communities.Tightens QualificationThe realtors association told lawmakers in a letter last week that the vacation-home provision ``does not eliminate any tax benefit but rather tightens the requirement'' for qualifying for the exclusion from capital-gains taxation on the sale of a home.U.S. law generally allows married homeowners to exclude as much as $500,000 in profit on the sale of a second home, provided the owners have lived in it for at least two out of the previous five years.

And when people like Carlton S. teaches you to screw around with someones negotiated "work" contract, and you do it, that proves that you certainly fall within that description.This type of tactic almost never works to reduce the agents commission, but it can put a strain on the relationship between the agent and their client, potentially ending what could have been a long-term business relationship.Beachbum,YOU CAN MAKE MONEY IN THIS BUSINESS WITHOUT ATTEMPTING TO DO DAMAGE TO THOSE THAT YOU DO BUSINESS WITH.

With the mortgage environment tightening up the way it is, will you be turned down for suspicion of fraud, even if you're never actually charged with it.?