As to seller financing, if you're seeing unsophisticated investor types advertising rent to own or seller financed transactions, and they are seeking owner occupied deals, they are either more sophisticated than you think or they are totally off their rockers if they are dealers.

Scott, that is Not a conventional loan requirement-not Fannie or Freddie.2 possibilities: 1) that is a WF specific overlay 2) your loan officer needs a drug test Or 3).

If prices are going down just because prices are generally going down and buyers are feeling spooked, that's one thing.But if it is depreciating because the drug dealers are moving into the neighborhood and all the factories have closed and there is no living wage work, then that is a different situation entirely.Also, when you are running your figures, remember that the dollar loses perchasing power over time.

No income, no job, 38 accounts in collection, multiple evictions, drug convictions, pit-bulls, 6 roomates none with jobs..... nobody you can rent to in that lot.This winter, the callers are practically non-existant and the majority of them are telling me they only want a place for about 6 months because they are planning on buying.

Title I loans can be disbursed directly to the borrower or, if the loan is made through a dealer, the disbursement will be made jointly to the dealer and the borrower.

Be a shame to discover you've given a year's lease to tenants who call you at 2 in the morning to complain about the neighbors, or to a suspected drug dealer.You can give your tenants a 30 day notice that you are switching to your own rental agreement and give them copies to sign.

There is no hard and fast rule to determine whether you are a dealer or whether you are just an investor, however, if your primary source of income is from flipping a bunch of houses every year, you will probably get called a dealer.

You have to be careful that you are not considered a "Dealer" by the IRS.

I can have a person kicked off of the entire Sec8 program for two years for any lease violation including suspected drug use, not paying rent, not obeying noise ordinances, etc at a property so they have quite a big interest to take care of things as they can easily lose that free money, and they definitely do not want to do that!

What happens if several crack dealers move in next door or that some government agency finds toxic waste next door?