I have no doubt that you and Johnson will do extremely well during the next housing market downturn.I may have some good news to share in late Jan or mid Feb.....Stay tuned.

I'm using FHA financing and everything has gone extremely well... until now.Despite asking my mortgage broker on multiple occasions if I'd need cash for anything in addition to my down payment, inspections and appraisal, he has just informed me that I need 3 months of reserves (about $3,500) in my checking account at closing.

If you took the title but you reinstated the 1st and made payments, it is extremely rare that they would do anything.

The only time you should skip contingencies is if the property is extremely discounted and you know it needs major repairs going in, maybe a flip or a cheap foreclosure, otherwise always do inspections.

For me, I felt noticeably different for several months and have no side affects today after extremes short term exposure.Needless to say, I'm a big advocate of CO detectors being prevalent in the house and being wired in with battery back up.

I think this too is extremely helpful because trying to communicate your thoughts and ideas from your mind can be difficult especially to a GC or a sub.

I didn't say the loan proceeds would be taxable, although there are some extreme cases where it could be, I said the interest may not be deductible.I'd start with a good conversation with a CPA familiar with the regs.

Hi BP, When analyzing an investment property 3 numbers are extremely important along with others; 1.

We are extremely motivated and know we will succeed.

I had just recently applied for a mortgage loan, but had not checked credit score in about 8 mths, however last time I checked score was a 705 on all 3 agencys, after applying I had only checked with experian assumed may be a little better, only to find out my credit score was 635 I have some school loans which I have missed some payments in distant past, have not missed a payment in 4 yrs only owe about 4800 left, 3 seperate loans required to pay 100 mth and I pay 125, and one other outstanding dept it is to a bank, for a previous closed account, which I owe 215$ it was from 09 for a 1$ overdraft which they kept billing me 30$ a day for a week before I was notified needless to say I was extremely upset and closed account, I know stupid I should of taken care of it and will as soon as posable.