Can you share the terms and conditions of the loan you are about to get from this individual---what type of loan program at what interest rate?

Just added 37 bucks to my cashflow.Now I understand to get this deal it may take alot of work as well and will only be under certian conditions, but the same is for example one.

I would leave nothing to chance - get the lender-servicer to state in writing that they will accept the proceeds from the short sale and release the mortgagor from any further liability under the terms and conditions of the promissory note.

I had intentions to keep the house, but due to health condition I am unable to work and am on disability.

work towards it and no matter what, will it to happen, but be prepared to hit brickwalls at high speed.and in this scenario - get comps - use a buyers agent and offer what you can afford or what the rental will cash flow at comfortably.terms, price, conditions, etc - work them all out.

That would have ended any problems with the condition.

You can use the social network tools to build up your network.

But if you want to make a successful career of RE investing, you may have to get a little more realistic about your current market conditions, especially regarding REO if this is the route you want to take.I do appluad your consistency and determination.Once again regarding repair estimates, I'd recommend that you look at a few REO Broker websites and you'll find warnings about sending this kind of stuff with your offers.

Hello everyone, I’m very interested in getting into the real estate investing field, so all I’ve been doing lately is acquiring some basic creative purchasing and financing tactics I could use to help out motivated sellers and myself, it’s a true win/win.So my questions are:1- I know this question depends on the seller’s needs and my financial ability, but under what perfect conditions should I try to utilize each creative tactic (subject-to, lease options, contract of deed, straight options, and owner financing)2- What contracts I must use and have signed when utilizing each creative tactic (subject-to, lease options, contract of deeds, straight options, and owner financing)3- Once the appropriate contracts are used/signed for each tactic, what are the following steps I must take; now I’m not talking about the complete a-z steps.

As AllCash has already mentioned (you have quite a memory there 8) ), the PMI drops off at 80 LTV (loan to value)---based upon the figures you provided, your current loan to value is 88...There is no benefit to a rate and term refinance at this point, if your intent is to eliminate PMI...There might have been a time when comparing a refi option with LPMI (lender paid PMI) might be feasible, but in the absense of more info (and prevailing market conditions), you might be better off leaving things alone.Regards,Scott Miller