Before you know it you will understand the values in that area better than most agents.Create a commercial checking account with a credit line.Attend every public auction in your area, bid on none but study the process, look at the property and play a game - guess what the high bid might beMake friends with new real estate agents (new only---- they haven't been polluted by negative comments and attitudes by older agents.)Ask your agents to send you list of expired listings (give them money for their services, like a thank you $100.00 bill) Understand the Law of Universal Prosperity.)Run classified ads in your local news papers --WANTED All real estate, commercial, houses and non-conforming properties, family business call 555-555-5555 for a fast no fee offer.Call me if you need a partner.Have fun while learning, don't take this business too seriouslyDon't make offers on real estate, make them on the equity that the real estate can offerAlways negotiate for the equityGet a real estate license, not to be an agent, but to understand the culture of the business, to have access to the MLS and to meet some nice folksFarm an area - drive around, look for FSBO's, agent's signs, ugly houses, put them in your journal to call laterCreate a little flyer to put on super market's bulletin boardsAsk 10 people a day this questions; "would you know of anyone who would like to sell their real estate?"

Hello @Morris Lucas It also depends on if the property is a non conforming or conforming duplex and precisely which area it is in. 

NO MOBILE/MANUFACTURED HOMESRequired LTV's: Primary Homes:-1-4 Units-620 FICO Minimum (660 High Balance)-97% LTV 1 Unit with standard conforming only and buyer must be a first time home buyer, or a limited cash out refinance (high balance and buyers that are not considered a first time home buyer - 95% max LTV)-85% LTV 2 Unit-75% LTV 3-4 Unit- Minimum 620 Credit score-2-4 units require 6 months reservesSecond Homes -1 Unit - 90% LTV - 620 FICO Minimum - Minimum 2 months reservesInvestment Properties:-1 Unit - 85% LTV Purchase Only (75% LTV Limited Cash Out)- 620 FICO Minimum- Minimum 6 months reserves- Minimum $50k loan amount-2-4 Unit Investment Properties - NOT ALLOWED WITH THIS PRODUCT!

If the lot has already been created, it is considered "existing non-conforming".

Not all markets will conform to the 1% rule which is why I hate that it is a "rule" some areas have higher appreciation or rent growth which is why the numbers aren't what you'd like them to be. 

Keep in mind that if you do a conforming owner occupied type loan you will be required to live there for a period of time before renting it out. 

Account Closed Looks like a pretty standard conforming loan to me.

Our Title Co still files a DoT w/the county to secure the private loan, and later we do a R&T refi with a conforming loan to get the family cash back in order to do it all again later.  

In the middle of a cash out refi and was quoted 5.265 and 5.375 by two different banks, conforming 30 year.

(In a month I will have 10 conforming loans in my name only, so both of us being on the loan is not an option) I'm currently wrapping up a delayed financing refi on another property (Brown St Property) I own, and they've asked me to provide a source for the funds used to purchase the Brown St Property.