His attitude is like hes tired of being a landlord and my information comes from the County Recorder and theres no flaws coming from there.Tenants have discussed the problems before with him and when they mention reporting to code enforcement he panics and pleas for them not to do that.Seems like he got the property and just rented out without making any repairs for a quick profit..??

It's not that lenders are restricted so much in a lending decision as in meeting quality underwriting attitudes.

Linkedin is also a good source.If you have the "leave no stone unturned" attitude you will always be able to find good supply.Its harder to get buyers IMO.Thanks and have a great day.

I think that's a very smart way to deal with your tenants.Some older tenants might resent you owning the building and take the attitude that there is some injustice in someone as a young as you being their landlord.

The degree of difficulty is much higher than it needs to be, but part of the underlying agenda is to cut out equity financing and bring deals into a bank.So, while these new regs will be a PITA, they also provide a large financial gain in the system.BTW, I do understand your resistance and let's wait and see attitude since you don't have a mortgage broker's license, if I were you I'd hope it wouldn't be necessary too, but much of the two recent Acts are pretty clear, doesn't take a genius to read them and say "Oh Crap"!

You will hear some claim on BP, not Ken, that compliance is not required if the note predates the Act, not true in all respects.I can say that when a violation of law is discovered and the violator has then taken steps to comply after their discovery, there is an entirely different attitude taken by regulators, often to the point of no harm no foul.

This sounds like the right attitude at least.

Hi Max, I feel your pain and frustration but I like your attitude to keep going.

As to guru, I don't know, but Rich Dad Poor Dad crap is pretty much that from what I've heard, one aspect doesn't mean much I guess as fools are willing to pay for almost anything, I'm changing my attitude slowly too, if you have 100,000 people wanting strawberry ice cream in a cone, someone is going to serve it, make it more interesting, put a gram cracker with it on the side.

Accessing value is as much an art as a science. 10% can certainly be explained to justify an offer and bringing up deficiencies with repairs along with reasonable profits for the project can go further.Wayne, not sure what you were getting at, net listing issues are certainly a concern for licensees investing on their own account in various strategies.Here, the requirement for disclosure is "upon the first meeting" you can meet someone and talk for an hour about anything, but as soon as real estate is mention, disclosure of being an agent/broker needs to be in the same sentence.As to TREC, I'm surprised that Texas is so consumer oriented with respect to RE considering their political business prone attitudes in other areas.