I agreed that I would re-write his loan with a new buyer (balance about $85K) at the same rate.He's had a couple of very interested buyers, but nothing definite.

The lower balance is at 5.85% and flows about $100/month and the larger balance is a 6.375% and flows $300/month.

You won't beat properly placed bandit signs for your advertising dollar.

The rehab would probably take about 3 weeks so if priced properly I could probably have a buyer as soon as 3-7 weeks after I acquire the property!

In this article we will look more closely at all of the options available to a homeowner with a defaulted mortgage so that you will be able to present a balanced picture to your client and help them make the decisions that are in their best interest.

Failure to provide the proper disclosures, or if the disclosures are in the wrong font, will result in jail time.

On top of that she was not told that everytime she makes that 3% payment that her balance on her mortgage is increasing.

Also however, in that 3 year period you will reduce morg. balance and receive depreciation to increase your return rate.

In some states, it is against the law to collect more than a couple month's rent, so you have to check into that.I automatically turn down any applicant who wants to pay a year in advance.For an existing tenant who has been a good tenant, I would take the money, put it into escrow and pay myself month by month as it came due.Tentant would still be on a month to month agreement and if I wanted him out, I'd give 30 day notice and refund the balance of the rent.An exception: If I rented to college students, they sometimes pay the entire semester's rent out of their grant money.

Having recently completed my taxes for 2008, I was seeking ways to properly strenghten myself for dealing with the IRS in 2009.