In fact it's best if you can start things off with a hand-shake agreement (your private lender will "agree" to loan you up to $X for Y% interest at some point in the future).

If your ARM stays at 4.875% then obviously it makes sense for you to keep your cash on hand and re-invest that money into a new property.Also: you only have to pay PMI until your LTV gets below some certain percentage.

For the time consuming stuff that I don't like, painting, yardwork, cleaning, plus an extra pair of hands, I hire casual labor.

I used to have a handful of hard money lenders I would use for my investors.

On the other hand, I also am not thrilled about negotiating a short with the lender, possibly doing a title search and then finding out after that the seller has no interest in working with me.

I speacilize in New Home sales, I work hand and hand with most builders to get my clients the best deals.

The more specific, the better, but take care that it allows room to operate that your authorization is not so restrictive that your hands are tied.

Maybe you could give us a hand on this deal we have a home locked up with PA and a profit spread of 60,000-70,000 and now we need to sell in the next 30 days.

I'm very curious to see as they improve their data, but for now I think it is the place for the non realtor's to go.We will recommend the site to our users.On the other hand, It doesn't take into account active and pending listings, which are essential for an accurate appraisal estimate.

While that much may flow through his hands, his equty build-up through paying down the mortgage is only about $7K, he'll have paid about $40K in interest and the rest of the payment will have gone to ppty tax and insurance.Edge wrote; on the second property using a similar reasoning he would have built $89,148 in equity.$89148 divided by 114 months = $782.