They moved in August 1st in which they paid August rent of $1600 as well as a security deposit of also $1600.Sept comes around and no payment...after leaving it the hands of my property manager, she finally concluded in the 1st week of October that the tennants are deciding to get up and move.

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.