One home is rented to a son and his family at a rate that covers the homes expenses - that home was purchased for that reason.The second home had another of my sons and a couple of his friends in it, they have moved out and that home is now rented at market rate.Home number one is a wash, I knew that going in (actually, both homes were a wash going in, I knew that on both of them).The home that is now at market rent will cash flow some, not a lot, but it will cover it's expenses and throw off some cash.

What state are you in? I

I was just wondering if hard money lenders will usually give a pre-approval letter so you dont have to run to them every time you want to put an offer in. I

*This does not sound like an investor deal for you, it sounds like you are buying a primary to live in for your family.What you need to figure out is1) state of your market (still down, flatlined, moving up)2) if this is for you to live in, I assume you are renting now.

Moving back in is not a problem, but to defer the gain on the sale, you need to be in the home for two years, it's not the period of time you own it, it's if the property is your principal residence.

I volunteer for organizations that I believe in. I

I dont use my mac all of the time and it is very hard to proof/spell check your post in the little box they give you to write in. Is

Originally posted by Rodney Williams: You may want to listen in. I

Anyone else a little paranoid about giving away too much information on the physical areas they've become experts in?I

I am a newbie to the real estate world and want to break in. I