Seehttp://www.consumerfinance.gov/regulations/ability-to-repay-and-qualified-mortgage-standards-under-the-truth-in-lending-act-regulation-z/ RMLO = Registered Mortgage Loan Originator - Fed Designation, not state, you need one if you do NOO financing (sorry thats Non Owner Occupant Financing) LO = Lease Option or Loan Orginator - Officer LOA - Lease Option Assignment - Something to do with a low equity deal Sub2 - Something better to do with a Low Equity Deal Sub2 and Land Trust - common practice DOS Clause - a manageable risk with the Sub2 deals SW SW SW - Some Will, Some Wont, So What, the REIs Credo I was LMAO tying this..... ---------------------------------------------------------------------------------------------- For the real new REI..

@Jacob Coates welcome, and id say the best best thing you are doing is forming a plan, and starting ASAP, thats one of the biggest parts of investing. first off, ill ask where you are currently deployed, and how that is going to affect you next 3 years investing. if you are in the states, this wont make things as difficult, however if you are overseas, i personally would be reluctant to get my feet wet by proxy, unless you have someone experienced and dependable to help you. i wont give you the whole wall o' forum post, so why dont you tell us specifically what you are most interested in, what questions or concerns you have,and how your business plan is coming along.also the gambling aspect was intriguing, i assume you are talking about counting cards?

It is highly unlikely that all the markets I am in if I am diversified all across the country will suffer the same kind of equity loss if another market crash occurs.I will endure a property management fee to have my properties looked after to keep portfolio diversified.I am sure there are pros and cons to this method and I would love to hear them.Just my .02 cents.

Normally, when tenants are in place, you wont be able to walk the property until you have an accepted offer.

@Giovanni Isaksen I guess from your words i can feel that you are deeply affected by the past property bubble and thanks for sharing your idea with novice property investor like me.I will stick to your advice if number doesnt work i wont look at the property.You have mention about cycle to real estate markets.I have read about it before and usually measures like strict bank loan approval,higher bank interest rate,more sellers market etc.I am not sure whether i get it right or not.1)Can you explain about the cycle and how to identify where are we now currently (imagining the situation is the same here)?

It wont take long for you to find a buyer.

Agents who specialize in selling policies often sell less to their underwriters, and the rates suffer as a result.But if you have an established relationship with an agent (meaning you've had your business with them for some time) and you suddenly get a big rate increase without any claims during the preceding year, it's probably because the insurer changed its guidelines.

I wont go so far to say get rid of your car, unless you are driving some super expensive car.

I truly believe that site's like these, and really the internet in general, is a huge blessing and we are so fortunate to have access to them.So a little bit about myself...I recently suffered a work injury (broke my leg) and have been recovering at home for the past 3 months.

normally an increase of ~3% wont make them move.