Or are you using some creative way to get around that?

I am finally in a position to prepare to list my rental, the repair work is about done, then the cleanup.

My plan is to take the equity while I can and be prepared to strike when I need to at the same time pocketing more cash with mortgage payment savings.

I have been making all payments for a couple years and still can although it stings a little and I thought with the current credit crisis this might be a time to work out a creative solution.Thanks.

Being prepared is a good thing and considering where I live we tend to get ice storms in the winter, I do tend to stock up a bit as winter approaches.

I agree with Lee Common & others-Owner finance or other creative financing may take off as good people cannot be approved for a mortgage.I make no predictions regarding banks and politicians fixing anything in a logical or timely manner unless it lines their own pockets.

coming onto BiggerPockets asking for help with their foreclosure/refinance/creative sale of their home, has really increased as a result of the current market crisis.I haven't been on this site for very long at all and I can tell there is a sharp increase in the amount of people the log on and immediately post their 'situation' regarding their over-leveraged properties.

When our real estate market is flourishing then sellers don't need to look at doing creative financing on their homes because there are a plethora of house hungry buyers.

I thought it was a good overview for one who is not familar with multi units and their financing.I have never been to the boot camp, but have spoken to more than one investor who said they benefited particularly from the creative techniques covered at the bootcamp.All in all, Dave's home study is course is a good beginning and overview of multi unit investing.

But do not let them talk you into paying more for a property unless your investment return requirements can still be met through some kind of creative financing or realistic strategy.