That is exactly what we did and kept working with the idea until it came to fruition and today it we have investors who use the program to keep building their portfolio so it has absolutely helped us secure our business when the banks have tightened their lending.

Still trying to save this deal as it's a great house in a great location and I have an exit stra. in

Our idea of a good time on weekends is to go look at houses and critique floor plans, space use, etc.What I've found is that a good architect will, for a few thousand dollars, crank out a floor plan faster and better than I can and with much less strain and stress on my heart.

This cause water to leak out of the connections and causes water damage to the ceiling.The washer/dryer is in the hall upstairs on our units.We have also found tenants will use the cheap rubber hoses instead of the steel braided ones or not have a washer fitting inside the connection which causes a leak.Also if it is an older washer or connections at the wall the threading is older and even if you tighten it will leak.This is why we use Teflon tape when putting the steel lines on.It fills the imperfections of the threading and stops any leaks at the connection.Another area of leakage is at the discharge hose.If it is not properly clamped at the washer,has an old hose,or where the discharge hose goes into the drain line could cause a leak.

We have maintenance install the washer and dryers so they are hooked up correctly.We use teflon tape,the steel braided hoses wit the high quality washers on the inside.Where the discharge hose goes into the drain we install a strap to the wall so the discharge hose won't fall out when draining and leak.Even given all that if they have an old washer it can give out and water can be released.The simple fix is a drain pan under the washer with a pipe that ties into the discharge pipe in the wall.All of this will cost about 40 bucks or so not including labor.Well worth it than cleaning up a huge leak causing massive damage.We also check the hot and cold water valves the supply lines hook into from the washer.The valves might be gone and partially leaking.Also if the tenant installs the washer and dryer they might over tighten fittings causing bent pipes and damage or under tighten having leaks.Been my experience with over 20 units on a 30 year old building.

Tightening?

Fannie/Freddie and FHA all have increased their underwriting guidelines on purpose to tighten the flow of condo's into their mortgage pools.

If we accelerate, Bernanke will tighten sooner than he forecast.

The downside of leaving your existing lender is the documentation and underwriting strains that you don't get from your existing loan servicer (at least in my case).The reason this sucks, is that it pretty much forces you to go back the the original servicer for the easiest terms.

My PT practice has been the center of my attention over the last few months.As to the trust deed business, I've been buying, but the market seems to be tightening up - there is a lot of money out there and not so many good/great notes.