I know a lot of people are scared, but there are a lot of sharks circling.

There are number of ways that you can open up slots to continue to buy rentals via Fannie Mae financing.

People aren't stupid and people don't sell properties based on what they owe or what they bought the house for unless they are on the razor's edge of having equity at which point there is no equity to be gained. 

Definitely much better than 5.75% offered by big sharks.

I know Property Shark shows many results for NYC and the 5 Burroughs, and some results can be found on auction.com.

Quick #’s- Lot 200k- Build Cost 350k (lots of sweat equity)- All in 550k- ARV 725k- Rent $4100Option 1 - Leave your DP inCF $1,100Cash on Cash ROI - 8%Option 2 - Refinance Take out all your cash and get extra 35kCF $450Two pretty great options.... we start construction on our first two in April... stay tuned for updates... if you want in on the next ones let us know, we may be looking for JVs to keep it going...

Sounds like what happened to the lady from Shark Tank is exactly what a scammer would hope for - their fake email looks just like a bunch of real ones that come in all the time, and they get lucky. 

You will need to screw in a razor scraper at the end of this.

Maybe you get lucky and it lasts for a couple years until you off-load, but you're always perched on the razors edge and that can lead to a lot of sleepless nights.The knob-and-tube is pretty much a non-starter unless the seller is willing to make some pretty serious concessions.Roof leaks are never as cheap as you think they'll be (same for foundation issues).

You could also watch "Shark Tank" for some very loose and anecdotal ideas.