SoBeREI,My previous post was about as clear as mud.

Movements of the Shanghai stock index and delinquencies in sub prime mortgages have clearly left their mark on mortgage rates.Measures such as more stringent regulations for qualifying borrowers to mortgage loans are bound to affect the housing sector in an adverse manner.

They won't call the loan due now, but should interest rates shoot up, they can force it due to help them clear low-interest rates off their books.Originally posted by "strive for the life":title insurance is fine.

But, I am soo nervous now and not so clear what to do on many things and need your help desperatley.

no, the difference is you already have a loan and only want a small amount more. mine would be free and clear when i went to refi, so i would have costs anyway. plus, i have pay off LOC.jim

Yet, if I'm only clearing a couple of hundred dollars a month on a rental property, then doesn't that mean I'd have to own enough properties to generate an amount equal to my personal monthly expenses?

So my advice was tailored to his experience.It's very clear Centroescondido that you do NOT understand the less legitimate issues of newer investors being able to cover a negative NOI for years, but 95% of investors aren't positioned to pay out tens of thousands of dollars initially and then several hundred or thousand dollars every month for five years while they wait for downtown to materialize.Also, I never claimed that there was not momentum downtown.

Clearly, each person brings different levels of risk, abilities, etc to the table and have to select a strategy that suits their personalties, preferences, etc.

another way to steer clear of bad information is to have a plan yourself...

On similar lines, to post in our dealmaking section, you also need a minimum number of posts.This ensures that our users are at least somewhat familiar with you, and it also ensures that you contribute to the community before making any "personal gains" from the site.I hope you can understand our policies (clearly stated in our forum rules) and ask that you abide by them in the future.Thank you.