Purchasing multi-family units are excellent investment choices (in my opinion , the best right now), particularly new constuction as they come with builder warranties (little or no maintenance costs for 1-2 years), they will have greater future appreciation (compared with older units), and they will be easier to sell when the market turns to an upswing.As others have mentioned, due your homework (due diligence) and most importantly, run the numbers to make sure the deal makes sense.

You may have to send this form in 3 plus times before the loss mitigation dept receives it...but it will get there eventually.Usually the homeowners are more comfortable just giving the agent the authorization...so if you can win over the agent and convince him/her that with the authorization, you can take a lot of the work off their plate...then they may go to the homeowner and get the authorization signed for you.

Until the bank wins the foreclosure and gets title to your landlord’s property, your landlord still owns the property.

Solid business principles always win out.

While I contend that as in any marriage, the wife will eventually win out. ha ha.Seriously you can buy properties that are in Foreclosure and then rent them to low income families.

Several state housing finance agencies have designed programs, specifically for use with Section 203(k) and some lenders have also used the expertise of local housing agencies and nonprofit organizations to help manage the rehabilitation processing.The Department also believes that the Section 203(k) program is an excellent means for lenders to demonstrate their commitment to lending in lower income communities and to help meet their responsibilities under the Community Reinvestment Act (CRA).

Okay okay Josh but when the Dodgers win the series I will promise you that I will not say "I told you so"!

However, the risk is if they by chance win their case, your personal assets are at risk.

I've been an excellent customer.

To get rid of all emotion would eliminate the passion that pushes me to higher returns and further excellence in this business.