It's great to have forums like this because when I started out it was alot of trial, error and prayer.It's a pleasure to meet all of you and I thank everyone for sharing their experiences, good or bad because that's how we grow.Nia

Each state can have its own rules and sometimes counties and cities have variations on the state rules.

Sure, I am not handy, but it was a lot of trial and error to learn what works and what doesn't.

I'm a big believer in trial and error and learning from your mistakes.

Looking forward to hearing about your questions, trials and Success.

They might be accurate for some particular house, but the amount of variation is truly incredible.

High risk just means that there can be a very large "swing" - basically a large variation in outcomes.

It's really all trial and error.

I did the same about two years ago and since then went thru many trials and tribulations to get this thing up and running to where I am right now (2 flops and 3 flips :-) I'm wrapping up my 5th flip and actively searching for my next project.

They're essentially unheard of in Europe, where there is no equivalent of Fannie & Freddie.May well be more variation in rates between good and weak borrowers.