The reason why I ask about cost to cure is because most conventional lenders cap this at the lesser of either 5% or $5,000.00.I have a wholesale relationship with the bank that financed your originally, and I know for certain that the cost to cure allowance is 2,000 or 5% (whichever is less).

After all, whichever I choose, it's going to be a monthly payment that I will begin to have to cover.I am getting into the real estate business knowingly exposing myself to risk.

A bidder's deposit of $21,200.00 or 10% of the sale price, whichever is lower, will be required in cash, certified or cashier's check.

Funding Program Requirements: - Complete the Funding Application - Submit 1 to 3 page project summary or business proposal or Executive Summary** - An original bank “capability†letter or current bank statement, which states borrowers financial ability to place the minimum $100k or 10% (whichever is greater) of the loan amount into an escrow deposit - Last two (2) bank statements (When application is preapproved) - A company business plan (if necessary) and Insurance (if necessary) - Last two (2) years of income taxes (if applicable) - Borrower’s legal documents (Filing receipt, tax ID, etc) - Two (2) color picture ID for principal.

If you dont get the house for that much then just walk away..this is what im doing from now onI see a house i put an offer in they counter offerlets say the house is 100k I have preset im not going into the house for more than 70k. so i offer 65k they respond with 90 i respond wtih 85 lets just say they accept. then i would do my inspection and everything i found wrong wtih the home i'd negotiate it less and less until i brought it down to 70k or less whichever makees sense when u walk through the home for the first time.do not get emotional, it's a numbers game and if the numbers dont add up dont go foward with the deal. you wanna make sure u leave contingencies in your contract. they give you a way out if you find something that you extremely dislike. i hope this helps my example prolly sucks but good luck!

I take my annual cash flow of $6,000 and divide it by my out of pocket expense of $20,000, which means I have a 30% CCR or ROI, whichever you prefer.

Whichever I purchase, I will try to have tenants or roommates.

If they can't tell you then maybe for this area you need to include a line at the end of your letter stating that if the recipient would like to stop receiving your letters to please call, email or write to you (whichever contact methods you provide).

One insurance is for FHA loans (MIP) which as of June this year is one of two situations: (1) Less than or equal to 90% LTV, it is required to hold the MIP for 11 years or to mortgage term, which ever is shorter

Cash out up to 70% of market value immediately up to the total cost you paid on the final HUD settlement statement whichever is less in under 6 months.Option number two you can wait 12 months and you can cash out up to 80% using market value which means you'll be able to take out all of your money in the property and the some with out tax as long as you have not sold the property.