But remember this that the richest people loan the money not borrow it.

If you happen to remember when I can start my search, please PM me.

Maybe the totals year over year would be pretty identical if you factored in short sales as well.I definitely see a lot more short sales on MLS than I remember from last year.What I am seeing is a lot less of the lower priced houses (sub 100k) these days.

Remember you will be paying principal and interest on the loan, around $450/month.

Ed Lee@ed leeI got it done very reasonably because of an arrangement with my contractorbut what was purchased was about 60.00 worth of pvc fittings and pipe you need a drain pipe and supply linesyou need the washer dryer hookup boxesand a roll of electrical wire that handles 220 currentwe had to get 2 30 amp breakers one for each unitand dry wall and mud to repair what we ripped outand finally vent tubing I cant say exactly what all this cost but somewhere in the neighborhood of 350 but remember I was doing two units the labor was priced at 160 a day and it took three days to complete.so just under 900 to do both units

Remember...Can't never could :)

I can tell you I do have experience and that the first thing is to get the ATR signed so that you can speak directly to the lender.If you are not listing the property for sale then the info should come from the listing broker and they should have an ATR signed from the seller with the lender or servicer.It's not that sellers lie in that so much they only remember some things and forget others.Not having one document can waste months of time with a short sale.Maybe what you are referring to the buyers is that a bank will allow a buyer to pay for a sellers moving costs or relo costs as a line item on the Hud-1.AGAIN you can't know what the bank is talking about unless your ear is on the phone and they are talking to you.They will not do that without an ATR form for sharing details.So anything you are hearing second hand is a waste of time.

He all of the sudden remember that he did stay there for a while.I've been charging $25 per applicant, but I think it has been a hinderance.

If you purchase a 4-unit and reside in one of the units, you can qualify for super low FHA financing (3.25% for 30 yrs, with just 3.5% down payment), the other three tenants will probably enable you to live for free (in fact, some FHA lenders limit the max loan amount such that 75-90% of the rental income covers the property's PITI), and you will get some great experience.Since you're renting currently and are a good borrowing candidate, this is an ideal way to go.

I remember my first rental.