This is not true in many US markets.I bought and sold 5 properties on Maui (another expensive market) during the early 2000s and everybody told me I couldn't do that.

I have not purchased any property from owner directly or from wholesale before, one question always in my mind, how do I make sure that the seller is true owner?

Just only have 6 years of credit history since I didn't get a credit card until I was 19 and have no history of mortgages.

The opposite is also true, loans with less distress or risk have small returns.

it's just one of those things where buyers like to play the relevance of the "what do you have into it card" when it suits their needs.  

Basically, when briefed that Three Brazilian soldiers were lost in an attack (not true, by the way), this politician asked if a Brazilian is more than A Million.It was funny at the time.

Mehran K.Thank you.I'm just gonna go with "Whatever doesn't kill you makes you stronger", true or not, it sounds pretty good lol.Gursel

I'm a big believer in you get what you pay for and paying top dollar will sometimes save you more than it will cost you.This is usually very true with attorneys.

I am looking at buying my first rental property and wondering what strategy makes the most sense, I have some cash can buy one house that might not be in an area where the value will go up anytime soon but has slot of renters and the house would need little work if any before its ready to rent, option 2 would buy maybe 2 in that area but they need work so can use a credit card to cover the repairs and help build my credit ( I have a good score just not a real long history which the bank dont seem to like) option 3 would be take the cash I have to cover 20% or higher of a down payment on a house in a better area where rent is 300 higher on average my goal is to buy and hold and rent maybe down the road get into buying and selling thanks for any opinions

I will say that I found a bank that does not ask about where the down payment comes from and does not require it be vested.I have used the 0% convenience checks that credit cards send out, and I have borrowed money from a friend and wrote up a loan between us where I pay him $100/month for 3 years and then the original amount loaned is due back then.