Scott's book, numerous hours reading and learning on BP, talking with a local guy here in Jacksonville who had a little experience and mostly capitalizing on my own good sense and ability to think a deal through and make a decision promptly.

If you can find an experienced rehabber who is looking for an intern and you have the ability to spend time working with that person that would be a tremendous experience for you, however that may be tough to find.

Last week spoke to a President of the second fastest growing bank in the state, taking on affiliate pools and prices aren't a steal of a deal here, basically due to the RE market being stronger and ability to liquidate REOs as they come, you're right, there is no need to dump the bath water.Bob, sounds like it's par for the course if you're dealing with various sources, but I wouldn't want any off the institutional shelf.Investors on the street need to learn how to go after the seller financed markets and buy from distressed holders, refi the good ones, rinse and repeat or modify and hold until they can be refinanced.

This means that if the loan meets the Qualified Mortgagedefinition, the lender is considered to be in compliance with the “ability-to-repay” rule.

The ability to speak in complete sentences.  

He can lose his ability to bid on HUD homes. 

q=RMLO+arizona&ie=ut...Going through an RMLO will protect you in case the buyer of the owner occupant property sues you on the basis of the Ability to Repay Rule not being adhered to.

We are a young couple just getting started and we know that real estate has the ability (if done correctly) to provide us with an income that will allow us to to the things we want to do, rather than the things we "have" to do.

If the loans are backed by the gov't, they have a lot of power to garnish wages or simply empty a bank account, greatly impacting the ability of the tenant to pay rent.- Tom

Hi Iris, I would never let another wholesaler tie my deal up to find a buyer, that does not have the ability to close.