just make sure you tell your banker everything so he can properly guide you.most deals I'm seeing done with financing are short-sales (as of 1 year)... this really depends on your area though.

Check out the Free Beginners Guide that's a good place to start.

Also - if you haven't yet, be sure to check out "The Ultimate Beginner's Guide to Real Estate Investing" to help you get going!

Would you try to borrow as much as you can keeping your valuable cash in your pockets or would you come out big with your savings and not have a mortgage?

I'm sure you've seen it- but if not, be sure to read through "The Ultimate Beginner's Guide to Real Estate Investing" to get you started with a good foundation!

I'm wondering if someone from this forum ready to guide me basics of RE and what needs to be done to grow myself.I live in San Jose,CA , working as IT engineer but want to enhance my career in Real Estate.Thanks for your help in advance.

If the bank or lender sells loans to the GSE or uses their underwriting guides with their own overlays the following applies.

From the Fannie Mae Selling Guide, page 170; "Investor and second home borrowers with five to ten financed properties are ineligible for cash-out refinance transactions...."

I recommend the "Tenants Guide to Legal Tactics" MA version.

Be sure to read the Beginners Guide to Investing under "Learn" at top of page