My net worth is slim to nothing other than the cash I have....I have been working for my fathers "empire" for the last 4 years....I have property overseas that's very valuable (in my name) however it's in another country so I don't believe lenders will even consider that....So I am stuck & have to utilize my father...Defauliting isn't the question here, its how to structure the loan in a way not to stretch my fathers debt-to-income ratio...

The volunteer's data is coming Phil...it is a mixed-use facility so it may be a bit of a stretch for the current model.

@Thomas Cheek  I would not consider Memphis booming by any stretch.. cash flow town and heavy rental town.. values follow return on cash flow ..

Maybe after DOM stretches out for awhile, they'll reconsider.I can't imagine buying a 4-plex with a gross rent yield under 20% (with landlord paying water, tenant paying heat and personal gas/electric), for any class B+ down (net yield around 10%).

I've continuously had two questions since the start of this disaster - -with all the plate shift and tectonic activity on the ocean floor, why don't oil leaks like this ever occur naturally (guess we are just poking holes pretty darn deep where they're not supposed to be, perhaps the sheer mass of the colliding and stretching plates contains these pockets)-what would our attitude and reaction be if some other country had this going on - it will affect the rest of the world even if it's only ever visible on our coastlines

You could make the stretch that this relates to REI if you plan to spend a lot of time nurturing people until they can buy your property.

Consider this: The borrower may select either a 30 year FRM or 5 year ARM--neither of which can be considered a subprime loan by any stretch of the imagination.

And I agree the trend you mentioned  (I only know how we stretched to get into Cupertino from Milpitas)!  

Cost of living is remarkably low here, so whatever the retirement income is it'll definitely stretch far. 

Experienced mentors are often not willing to meet and teach not because they are jerks or egotistical, but because they are stretched thin with responsibilities and can't afford to do that.