In one of my classes we had a long discussion on this subject, you can imagine it was a current problem all over TX back then.IIRC the instructor in the class said something along the lines of the amount being made up from PMI (or MIP in the case of FHA loans) had been found by the courts to NOT be income as it was INSURANCE PROCEEDS for which the homeowner had paid the premiums.That is kind of the way I remember it, and it does make sense as they are insurance, and the homeowner did pay the premium.

Our agreement is that after loans are paid off and closing costs are paid.. and I'm paid back my initial equity, res. beneficiary can have 100% of balance remaing .. my initial equity is > $25k, by mutual agreement.Gatten has designed a system that works- and overcomes the limitations and far higher risks inherent in land contracts, lease/options, straight options, 'subject to" deals, etc.

Do take some time to read through the many articles and posts on various subjects that pertain.Jameshey james!

It's quite subjective, indeed, and unless it's a complete dive, most owners/agents working for them will over rate the property's real "class".

Hey everyone, My names Chris, Im 19, and am very interested in REI, Im trying to learn as much as I can about the subject by reading books talking to poeple who know, and mostly reading this forum.

And we would sometimes get "table talks" or round table discussions on different subjects.

I need a plan B which brings me to the subject of this forum.

He smugly disguised it as an ethical way to compensate a seller in a short sale.I will now stop my grandstanding on the subject but I hope you and anyone else reading this, will see my point.....The homeowner cannot profit from a short sale on the HUD-1 or under the table or anywhere else.

It is something to think about....more on this subject to follow....that will be tied with my projects.I noticed that there is no "Retirement" section in this forum....perhaps it can be included.....I welcome your comments and questions,thanks again....

First, a definition.callus |ˈkaləs| (also callous)nouna thickened and hardened part of the skin or soft tissue, esp. in an area that has been subjected to friction.RE investing is not for the timid or for the overly sensitive.