it was actually my hatred for the college that made me tired of paying ridiculous sums of money for on campus housing, and so i eventually looked to live off campus, where i bought a house and rented out a bedroom..... and this fueled my passion for real estate...so, in a round about way, thanks college!!

Not only the fuel, but the repair and upkeep, service people to keepit going, etc.

If someone can find a bank willing to lend under the terms being discussed in this thread, I would much, much rather provide a lot of documentation than to pay 5 points at 15% for a HML.Sure you can close faster with HM, but you definitely pay the price for it.

These two things will help you save at a much faster rate.

Why do you not want to continue with just rehabbing and selling to generate more and faster?

Any ideas to rent the properties faster to better quality tenants?

Besides being a huge Fed fueled ponzi scheme I don't like the stock market because I cannot control what the companies listed on the stock exchange do, including accounting fraud.

I have my eye on a number of such projects to secure equity faster.

The 15 has a lower rate, but the interest is either deductable for most owners or is expensed for investors and the additional principal paid from the difference between the 30 and 15 will reduce the interest costs at a faster rate than paying the 15 yr, everytime.If you have to look at the property and the cash flow analysis as a deciding factor, the deal is not a deal.

I would find out what that property was worth at the height of the market.In other words if it is worth 100k today and was only worth 130k at the market height then waiting years and years to get the money might not be the best option.If the market has dropped really low and this property used to be worth 300k then it might make sense to rent out and hold long term.The question is can you take the now money and grow that money at a much faster pace than holding onto this property??