hiya,let me introduce myself. i am a 21 year old enthusiastic investor from toronto, ontario. i have been involved in the purchase of three properties this year ranging from multiplexes to houses with acreage. this limited experience of actually getting proactive and getting started has taught me way more than any book has ever taught me. a tip to other beginners. i have also had some background knowledge in the real estate industry with my parents starting out a real estate rental business 10 years ago. however their knowledge is quite elementary and i have a lot to learn. fortunately i have found this site. and while browsing for the past couple days i have found that there are many invaluable resources and brilliant minds aboard.ps. slthough i have found the canadian content lacking i am confident that with our similar laws the ideas are all valid.looking forward to meeting you,joe

You are all explaining the mortgage seasoning issue and I have a feeling that the original question concerned the ownership seasoning.

Now to take it even one step further I can review area's of great concern by researching Fema's web site for Major Disasters in 2000 and 2006 or even further if I wish.

I assume you are paying all cash, otherwise the realtor's concern is for your loan downpayment.

., very inexpensive books, CD's, etc. that are specifically geared toward beginners who are very low on cash?

i've read real estate investment material that encourages using the phrase "and/or assigns" in an offer and i've also read that you should never use this phrase because it means that the seller won't consider your offer. what is the general rule of thumb concerning using this phrase?

If yours is higher, which I doubt, then sue the crap out of him...If not you will need to make the appropriate changes to your existing lot.Temporarily, you can put a catch basin at the rear of the property to catch the water and then istall underground gutters that tie in from your roof and drain then drain to the street.The other concern is the county that approved such a drainage plan...sounds like the county engineer was drunk when he approved it.

Also, I really don't know what to tell you as you have not really pointed out a concern, except a general one.

This has me concerned.

I would think that with your primary, you would be more concerned with building equity quickly, but then again, that may just be my personal preference.