Originally posted by @Joe Delia: Originally posted by @Kris Haskins: Originally posted by @Ed Wood: conventional loans (the ones with low interest rates) Hey Ed, how are conventional loans the ones with the lowest rates?

Its from Memorial Day to Labor Day.

You may have fun getting FHA note holder to release that new lot, but good luck, they may (after an appraisal review) to keep the loan compliant, but, they may not.But certainly, the solution is to do a minor subdivision and cut off that new unit.Don't get hung up with % rules, you need to pencil out deals in your market, the 2% rule won't fly here, the 50% may over a long term but it may not as our market has a lower tax and labor rate.

Thanks @Joe Fairless!

@Joe Fairless : Thanks for the reply Joe!

He would want a clause that protects his expenses and I would want the same, so any abandonment on his behalf would be a forfeit to the labor which would be deferred as profit from the sale.

@Joe Doman - Property taxes get reassessed yearly on all properties.

But i dont want to lose my homes because i can make money with them.I am stated income from my own business (computer software) and limited to the hours i can work, most of my pain comes from sitting but i am very bodily able to do construction and labor.

@Joe Fairless I got too excited man..

Another is to solve your insomnia by reading or skimming through the Dodd-Frank and the SAFE Act.However, here's the rub. we have folks here giving links to these sites and most information is simply misinterpreted as the information pertains to registered lenders or a bank or RLMO, not the average Joe doing a deal.So you have to be very careful in trying to read regulatory guidelines and know where you are in the subject matter.It might be better if you just stick with the news networks, but even they get things wrong or make improper implications.