Either way you will either pay back more or be able to purchase less with that same money.Some of the particulars of the 8K packages as it was for last year. 75k income max for singles (4k credit), 150k max for couples.Cannot have owned r/e for three years.You have to pay it back, all of it, out of future tax refunds over the next 15 years at $500 a year.If you sell or transfer title, you have to pay it back immediately.If you rent out the property at any time in the next 15 years, you have to pay the balance immediately.This information came from memory as I checked into it in Jan when I filed my taxes.

Believe it or not, once you know how to find and package the deals, money starts coming from woodwork.

We have a package deal.

I failed to mention that these are part of a bulk package.

I for one am stocking up on assault rifle ammo and canned food.

When the big 'O' took office it was already forecast to be 1.2 trillion deficit with an 800 million stimulus package included.But Bush repealed the up-tick rule, allowed the banks to expand leverage and never attempted to reign then in, he also never came close to a balanced budget and left the world at the brink of collapse, in two wars, and within the worst recession since the depression.Watching the mis-management of Tarp and the Car companies, both Bush and Obama, brings no joy either.

Ditto Steve Love (http://www.irca-losangeles.com), who’s monthly meeting is free, including food, and usually has a well know real estate guru speak.

If their due diligence confirms the positive information as presented, they will submit the package to HUD who will then on their own start the process from scratch to verify what the Bank presents.

a client of mine came into my office last week with a binder...she had just formed an llc and was interested in business banking. i asked her what her EIN (business tax #) and she lookd through her book and didnt have it. she called up the company and they argued back and forth that her $400 package to form the LLC didn't include that and an additional $75 was needed to get the EIN.i did it for her in literally 30 seconds on the irs website FOR FREE!

In the Houston area there are a number of HML's who put together the hard money/refi loan packages together.