To get a deal, the developer needs to hook up with a non-profit hosuing agency, PHAs are prime targets to partner with, the proposal goes to the state level and comes back to go for approaval by the loacal PHAs, to show that a need exists and the city council, county commission must sign off as well.

I agree w/Brent....My ONLY regrets have been the "NON-Investments";On MANY occasions I thought buyers/Borrowers had LOST THEIR MINDSuntil the APPRAISAL came in....Gulp;My bad :violin: The thing about "investing" is You gotta DO it!

This special exemption is limited to non-real estate professionals and persons with less than ~$125K income.

The risks he points to are:1) Borrowing Too Heavily2) Selling your property too quickly3) Using ARMs to get a cheap loan - using adjustable mortgages in a rising interest rate environment is a dangerous formula4) Not having a plan for financial emergencies such as medical emergencies5) Skipping a property inspection because you just have to get the deal.

Have a list of lenders that will give you 100% Non owner occupied as long as you qualify with a Great FICO score.

It is only 20 days on non-judical foreclosures.

Just another non-scientific poll from me :whistle:

We are limited as to what is offer at this time, Because we are not a non-profit company.

Can you start a new thread and post the non-circumvent?

if its non-recourse then the mortgagee can only go after the building that the mortgage is on if its recourse or you personally guarantee it then the mortgagee can go after other assets.