You get a conventional loan and Fannie or Freddie may buy it after you get it.If you claim to be an owner occupant you will generally be expected to live there a year.

Just a question here that crossed my mind in thinking about the damage that needs to be repaired on a house I bought from the sheriffs auction. I found out after I purchased this house that the pipes from the base...

My tenant is moving out this month and she is claiming that we have to give her a cashiers check for the security deposit and the pet deposit right away after the walk through or else she will go to court.I know we have upto 21 days to refund the money but what is the procedure as we wont know right away what the condition is by just doing a visual inspection while they are they standing there.

When their is a legit claim you can have 200 llc's in between and you will still lose.

The very first month, April, she was late and claimed the bank made a mistake.

I went with a contractor referred by my agent as the contractor claimed he'd done 203's before and his numbers were good.

My intentions are to perform a cash out refinance and within a few months, I would like purchase a new home and lease my existing property.Many lenders I am dealing with claim to have programs that can perform to my intentions.

When it goes through title/escrow, I do carefully review the prelim.I have also purchased quite a few quit claim properties, and have gotten clean title every time as well.

However, to get a mortgage, and claim tax benefits in my own name, it seems that I would need to do a quit-claim deed to put the property fully into my name (currently both my name and the LLP entity are on title).

Risk would be high...Just one insurance claim in excess of a $5,000 deductible could sink your battleship if you do not keep cash reserves.You still need to pay for your own health insurance For every unit you own outright you get an additional $400 or so in income.