The value of properties can fall all the way to zero.

Originally posted by Taletha Waire:Hello Laurence I am still awaiting my phone call Taletha, I just pm you about our company policy.

One other thing, The biggest problem was not the scams that were goign on, that has always happened, it was the Zero interest loans that created a lower payment and created the idea they could afford more house, When in actuality they could not.

Thanks for joining.Check out the wholesaling forum to zero in on best practices.

Jon,I'm trying to follow your math.But, I'm not getting a loan on the property I'm wishing to purchase.I'm getting a loan on my current house which is assessed at 350K and has a zero balance.I don't qualify for a HELOC or a home equity loan because of my credit score so I can only get an FHA loan.The minimum FHA loan I can draw against my home is 80K at 6%Of that 80K...60K would go towards purchasing an investment property....20k would be kept in a separate account to cover unforeseen expenses.I do appreciate the education.

The seller generally stays on the policy as an additional insured if the lender isn't notified of the sale.The tax deductions go to the person that owns the property...the new buyer.

Advising a constituent to ignore the contract and stay as long as you want seems like a poor policy to me.It will be interesting to see what she says when I send Ms.

Set a pet policy (no pets, or only pets under XX pounds, or whatever) and stick with it for everyone and you should be within the legal limits.

My policy has always been that personal information like this is proprietary and only shared with those who have a Need-to-Know.

.$495 appraisal...this would allow me to get into this deal with zero $ down...any thoughts on this type deal?