thx,ChrisNo, you can not do that under the 60 day rule, however, with your current plan administrator, you should have borrowing provisions and thus, simply borrow the funds from your 401k up to 50% of your vested interest to $50,000.

A loan officer at Wells Fargo said the 4 mortgage rule does not include the mortgage on your primary residence.

However, is the "$200 profit/month/unit" a general real estate investing rule that I should apply when running cash flows, or is such a rule of thumb more a matter of personal investor preference?

Natasha Hylton Here's what the problem is, it's probably against the MLS rules to hand out lists of expired listings and pre foreclosures.

If the return is right and risk handled correctly, I'm open to investing anywhere, and my hometown certainly isn't ruled out.Jeremiah B. - Which market are you looking at.

I know of many people that have done this in connection with rehabbing properties and so long as you play by the rules of the lenders, you will be able to excellerate the growth of your portfolio.You come out better in the long run if you dont refinance and just keep the original FHA loan in place at the low rates and just live there the prescribed 1 year then go get a new 1-4 with a new FHA loan as a primary.

It was a good topic and I hope he touches it up a bit and puts it out there.I'd say learn the basics, financing rules, teach them how to look things up and how to think.

Fourth I do not play in that space or have the network there so I tell them of others who do that type of thing.As soon as you try to become all things to all people in the sake of making a buck you lose focus and traction of what you are specifically trying to do.

Matthew,This may be an idea to help get the process closer to your goals.First, know the game and the rules of the game.

Lending rules are pretty tight now a days.