For example, I'm thinking of tying up an REO today that's listed this morning at 24k -- needs total renovation, but ...

Joe From: Dicarlo, Heidi A Sent: Wednesday, May 06, 2009 10:46 AMTo: '[email protected]' Subject: RE: Contact Information....Hello Joe, I did receive your fax this morning and have already directed it to the Underwriter Taylor a few minutes ago.

Im anxious to do my first one someday soon.Chip

i'm confused (still getting going this morning)....you mentioned its a rehab (which makes me assume that it is not owner-occupied) then you said stay time is 5-7 yrs min (which makes me think it IS OO).if it is owner occupied then you will have the option of a refi or a HELOC. why there would be 1.75 pts is beyond me. if its not OO, then your only option is to refi. no lenders that i am aware of are doing helocs for NOO.speak to a lender. if you got the 1.75 pts + closing costs then you probably have already. what rates/terms did they tell you?

Morning DickThat should be a way of life.....yearning to learn new stuff daily.

That all changed in January 2009, when at 4am one morning, he pulled a large pipe wrench out of his coat and attempted to break into 6 of our apartments (with the tenants obviously inside).

Luckily I have a well covered policy in which they already sent out a "board up" crew and are sending an adjuster in the morning.

I have an appt. tomorrow morning with a title company that does DC's and seems to understand me but what to further discuss it at no charge!

I read a blog post this morning on the site, where someone called some of the people on BiggerPockets, gurus.

just also read a report that jeff goldblum died on set this morning!