Afford the negative rent while waiting for appreciation or invest your own cash to dump the property.Buying your next home may not require cash out of your pocket but I would try for 5% down minimum to secure a good interest rate.But, have you looked into a second or third opinion about your house value?

I knew all the SoCal investors would have cynical responses.But after reading about affordable real estate is elsewhere, I wanted to know how risky it would be to own rental property in other parts of the country while living in a location that isn't nearby.

After the boom the prices fall to a more affordable amount, but that price they fall to is still 128%-200% higher than the previous decades fall, or trough.

Many loose their home because they can't truly afford the mortgage note on a hard money lender.If you would be in a position to refinance your home within 3 month from a hard money lender - then I say you have an option.Rest assured that if you miss a payment they are not as cooperative as a conventional lender - 25% of equity in it - and an investor mentality...lol you better suck salt to make those payments LOL.

That's not good business for the agent.If you get the chance, you might want to read a bit about what the National Association of Realtors is doing to help ease tax burdens for home owners, to assist home owners obtaining affordable home insurance, levying with politicians to bring tax reform and property amendments to many areas of the country.I hope this helps you.

She cannot afford the traditional 5%.It's basically another way for a fsbo to get their house in the mls w/opaying the 5 or 6 % to a broker.

In the real world though, people need debt relief and cant afford the payments anymore.

As you become more experienced with investments on this level you can begin to consider larger investment strategies.Once you have qualified your financing, you know how much you can afford.

Is it because my cash flow fluctuates so much…is it because I’m scared I won’t be able to afford it, possible.

Sheppie - if you have answers and a plan for everything that can possible go wrong in your project and you can handle those obstacles -then I say move forward.However, I will suggest that you start off small in your investment size.Example: Purchase a home that you can afford to make the monthly payments in the event the home does not sell as quickly as you would like it to.Also, don't try to get rich over night...ifyour profit is about $20 -30K...consider yourself a success story instead of trying to make $70-100K your first time around.