If the FED does what is says and slowly moves rates, this will have little to no effect on the mortgage industry, at least for the near term.  

I would like to provide insight on how to effectively birddog when getting started and facing similiar challenges.Here's an example of some of the topics:What is birddoggingWhy choose birddoggingHow can birddogging help me get started as an investorWhat do you need to start birddogging (Contracts, Closings, Negotiations)What are the steps you need to take in order to get started and be successfulMarketing TechniquesNetworking Techniques (How to find a Mentor)Goal SettingPlease let me know if there is a topic a Newbie have to know that I may have overlooked.

As I was signing documents, I asked for clarification, and my realtor said something to the effect that they had gotten around this via my downpayment deposits held by my realtor. 

He talks about how important it is for entrepreneurs to have the feedback from profit and loss to effectively and efficiently allocate their efforts and resources. 

Select which person you want and they will appear with the blue highlight as your name appears in this post.Presumably, just typing the @ with the beginning letters will display a list of people not in the thread but I've never really gotten that to work.

The problem is that CFPB has effectively banned reasonable balloon payments to borrower-occupants, even on land contracts.

Their forte is setting up these LLCs and charging for their services.You can probably set up the LLC more cost effectively yourself, using your own attorney if needed.  

hey guys i found this very motivated seller hes looking to sell me his two bedroom two bath family home for 15k$  He originally bought the proporty 4 years ago for 32k$ cash and has put 12k$ into the property the problem is ive just recently become serious about paying off personal debts and its effecting my credit the banks wont lend me a line of credit for 20k$ (5k$ incase of repairs)  and morgages are 25k$+. what should i do?

Ok, now that you have taken your initial step, below are some quick links to get engaged.Since you didn't mention an area of interest, I added details of the three most popular niches at the links below, for your review and selection of one or all.http://www.biggerpockets.com/renewsblog/2013/01/04/how-to-rent-your-house/ (house rental guide)http://www.biggerpockets.com/renewsblog/2013/02/22/buying-rental-property/ (how to buy a rental property) http://www.biggerpockets.com/renewsblog/2014/01/07/flipping-houses/ (step by step guide to flips)https://www.biggerpockets.com/renewsblog/2015/01/31/ultimate-beginners-guide-real-estate-wholesaling-2/ (Ultimate beginners guide to wholesaling) http://www.biggerpockets.com/startherehttp://www.biggerpockets.com/meethttps://www.biggerpockets.com/alertsHow to Use @Mentions on BiggerPocketshttps://www.biggerpockets.com/ruleshttps://www.biggerpockets.com/termshttps://www.biggerpockets.com/inviteshttps://www.biggerpockets.com/forums/categorieshttps://www.biggerpockets.com/courses/a-beginners-introduction-to-real-estate-investing (video courses)https://www.biggerpockets.com/real-estate-investing (Ultimate beginner's guide to REI)REI can be very daunting, but, before you go searching for that 1st buy, please take a few minutes to bone up on the tips in link below.https://www.biggerpockets.com/renewsblog/2014/12/19/real-estate-investing-success-smart-tips/REI books suggested by BPershttps://www.biggerpockets.com/renewsblog/2015/11/13/7-real-estate-books-beginner-investors/ (7 absolute must read books for beginner REI)http://www.biggerpockets.com/renewsblog/2013/04/14/best-real-estate-books/?

Once you have rehabbed it (cost effectively) and rented it out for say six months, a NEW appraisal should come in at least 40% more than you owe on it, which means that your Lender should approve a cash-out of 20-25% of it's new value ie. enough for a DEPOSIT on your next property purchase (and so on)...Others may have a clearer or more correct explanation.