How it's figured is for the buyer to calculate;1. how much I want to earn-let's say 20%/year2. what are the chances I'll get paid, if it's a seasoned 1st mortgage they're pretty good so we'll call it 100%3.

Besides, based on our previous talks, for cashout you needed 12 months seasoning.

Of course, when ski season begins in 7 weeks, I'll be managing my rentals while snowboarding.

The developer has agreed and we have a lender who will allow no title seasoning on a cash out due to the LTV and our strength as buyers.

So I finally have decided it is time to at least take a long look at investing some of the money I've been saving up for investments...Here is my situation:39 years old living in sf/bay area.Super stable job earning approx $100k/year.Savings of $100-150k (mostly cash)$400k in equity in my primary residence (which was an investment unto itself as it is 5br and I am a single man) (have a 5 yr fixed interest only jumbo loan that comes due in 4/09 and is 4.5%)I love Lake Tahoe and spend 2-14 days per month there (sometimes more during ski season...vacation rental?)

But I expect seasoned investors to understand that I can leave a good deal for a great deal if I have the opportunity.

Slightly easier when you are a seasoned investor who is just learning a new market.

With the email I will send you an invite and you can take it from there.I am hopeful that when I am on the east coast of the US this Christmas season I can use the service to let people know when I might be close by.

I am pretty seasoned and am also an ex loan officer, I know that category is completely not in question for me to attempt and reform another investment corp.So, I have to change careers at 33.

I am a newbie to Real Estate investing, but I have done extensive reading for the past few years along with picking the brains of a few seasoned investors.