The last time they just qualified you on property alone was in the days when people used horses for transportation.

I have NO experience in re but, I do have the drive and determination, as I do horse rescue and need something to fund it hahaha.

Just an FYI.One other thing to consider for a property in preforeclosure.If a bank is wanting a property back or they are simply back-logged, it's not that uncommon for a lender to "stall" in getting you a payoff.

He was the same guy trying to bring the horse race track.

That's not to say I would need to have all of my financing locked and loaded before making any offer, just saying I've found it wise not to put the cart before the horse when the property has certain unknowns.

@Mehran KamariTL;DR market was hot, now stalled, first couple weeks January let us know how the market will proceed.Nov and Dec we've seen a huge pull back in Orange county.

If I were young, had a SECURE job that I could make a living at in these times, you'd have to get a team of wild horses to pull me away.

Sometimes tenants are telling the truth on when they'll have the money but it's also an opportunity to stall an eviction by having you sit and wait while they don't pay rent.

I feel like this bubble can't go on forever and I shouldn't look a gift horse in the mouth.

The bank or the owner of the building parcel can easily stall you.