Bad borrower than yes 2% is justified but if your a clean A borrower with little to do than 1% is pretty much good deal.Local banks will pull the same deal as Mortgage Brokers sometimes but again banks have just there programs while Mortgage Brokers have all the banks and even the local ones too.What type of arm are you getting?

If you pull someone's credit and let's say they have had a foreclosure 3 years ago so you're skeptical, you can do a financial verification report that will provide you with 12 months worth of income, cash flow, assets, and line item spending, that tells you if your tenant is approved for your rental amount based on the data.

I will be looking to either do a 80/20 in subprime market or try to get FHA financing.I currently work in the mortgage industry for the past 3 years so I'm familiar with a bunch of programs and I was a processor for a brokerage that did a lot of subprime so getting a mortgage wouldn't really be my problem... the thing that scares me is having problems with the tenants in the Newburgh area since there has to be a reason the prices of these houses are so low...Thanks guys!!

whheee wwhhhhhheeeeSo you have the Carleton Sheets program ?

I will continue my Mentoring Program in DFW (that's Dallas Ft.

Right now I am trying to find a no money down program.

These programs have such a high rate that your property will be nowhere close to breaking even.It's out there, It just does not make sence to do it.Woods

I may not be explaining this very well, but I am basically afraid of capping myself out credit wise that I will not be approved to buy more investments and that is the whole goal.

My education cost me a lot in money spent on programs and seminars that only taught enough to get in trouble as well as in deals and money left on the table.

Never go into any investment (this applies to stocks too, not just RE) that you don't completely understand and can explain to ANYONE else, how the program works, how much you have at RISK and how much is your ptential reward.INVESTORS own RE for only ONE REASON.