Mortgage debt is looked at more favorably by fico.We got caught up a little when heloc's go cancelled/frozen in early '09.

It's a great neighborhood and would be the first to see appreciation once the market rebounds.Im thinking about offering $50,000 down and 30 year amortization, ideally with no balloon and wait it out til I find a buyer willing to pay a higher price or til I find a favorable refinance/sell option.

(S) I'm going over this afternoon for the final walk through and check out the punch list.Well, that means he is motivated, ready to move on.Ask leading questions that indicate the degree of motivation....asking "how motivated are you to go to the cleaners" won't work as often in your favor!

I thought this could be a counter topic on why so many people favor investing in SFR’s over apartments.Here are a few things I came up with:-Smaller initial investment.

One reason is the availability of favorable owner-occupant SBA financing.

If you have no problems with electricity and internet access, try doing this: Use motion detection on your webcam to email you when something sets the motion detector off.

Let me clarify that I am answering your questions based on the assumption that you currently live in the property you bought for 95kFirst questionIn terms of debt to income ratio, lets say we rent out our current come, have it under a signed year long lease that will safely make our mortgage payment and a little more.If you live in the house and you are moving to a new house- You will need to have 30% equity in the old house for them to count NEW rental in your favor- They will do a full blown appraisal on the house you are moving out of to make sure you have 30% equity- Known as a buy and bail appraisal.

Negotiating favorable seller terms makes price almost irrelevant.

With a large open community, there is just as likely a chance that there are bad apples around as there is good ones.That said, the ratio of success stories to "scams" is overwhelmingly in the favor of the success story's favor.

just returned from deployment I'm looking at this property to buy, so i can focus on school, and not work17 unit and 12 unit building17 unit building mix15 unit rooms at $328 a month paid week 2 units $640 monthparking laundry incom $87total month $6150Total Annual $7400012 unit building mix8 efficiency $520 a month 4 rooms $390 a monthparking laundry income $152/monthTotal Month $5700Total Annual $68000Actuals from RealtorMONTHLY INCOME For 20092009MONTHRENT COLLECTEDLaundryTOTALRENT COLLECTEDLaundryTOTALJAN$5,810$100$5,755$100FEB$3,430$100$4,055$100MAR$3,782$100$3,640$100APR$3,030$100$4,573$100MAY$5,507$100$3,580$100JUN$4,392$100$3,277$100JUL$5,467$100$3,060$100AUG$5,730$100$4,526$100SEP$4,390$100$6,855$100TOTALS$41,538$900$39,321$900AVERAGE MONTHLY INCOME$4,615$100$4,715$4,369$100$4,469Annualized Average x 12$55,384$1,200$56,584$52,428$1,200$53,628expenese2008 Taxes (actual)$5,716$7,985electric (actual)$9,252$8,352Water / Sewer (actual)$1,362$2,118Insurance (actual)$1,350$1,455Rooming License (actual)$216$0Repair & Maintenance (projected)$3,000$3,000management 5% (projected)$3,190$3,101Reserve (projected)$1,800$1,800Total Expenses$25,886$27,811On market for $603000Am I overlooking anything, it seems with favorable financing this property well work out nicer.Great first investment to set up my business a foundation if you well.Looking for insight, help, things to look out for, great loan companies, cash partners, anyway you can help I'd very much apprecitate it.