You wont be able to get a bank loan on that property until its gone, of course, but unless you are selling or borrowing you can pretty much just ignore it if you wanted to.

It's more fun in notes, but holding RE usually doesn't get that impressive really.My though is that if one has reserves as well as the ability to borrow, there isn't really any maintenance issue that can't be taken care of.

The beauty is, you don't qualify, the initial borrower remains responsible as the loans are non-qualifying assumeable.

If she refuses evict her.Do you have any retirement accts you can borrow against?

NoUsually the foreclosure is somewhat a wakeup call for the borrower that they can't just ignore your loan.

I've borrowed a lot of money from and still owe a lot of money to the banks.

Bet 90% here will say the lender does......nope, the "Maker" is the BORROWER!

If you borrow more than that limit, the interest is no longer deductible and in some cases can be considered income by the IRS.Make sure you have a really good CPA and tax attorney.

For conventional financing lenders do not look at the DCR, Cap Rate or Cash on Cash Return they look at a borrowers overall debt to income ratio using the borrowers personal income W2 or self employment and sometimes the rental property income depending on the program and borrowers landlord experience less the borrowers primary mortgage PITI and other monthly liabilities.

I actually borrowed (for an obscene rate) the EMD (and my EMD lender's POF bank statement) to put it under contract (FYI - even desperate sellers are not ignorant re markets/ value/ POF like they are often portrayed here).