They will also want you to show that you are capable of completing the transaction.

There are several states that REQUIRE you to file with them BEFORE the first private money transaction takes place in their state.

That downpayment has an opportunity cost.In addition, buying a house that is already rehabbed will NOT have a major effect on the maintenance expense.

I'm afraid "Black Sunday" escaped 99% of all Americans.Wasn't it like two weeks ago that Bernanke said Fannie and Freddie were "well capitalized", or something to that effect?

This seems risky to me, but I know people do transactions like this.

I think it's a good thing to have if you can do it cost effectively.

IF real estate transactions were as simple as buying a gallon of milk at the store, I'm sure my job would have been phased out decades ago.

The effective date is supposed to be December 1, 2008 but you'll probably see that many of those remaining true Fannie lenders will change within the next 30 days.The changes will include:* A limit of 4 financed properties when submitting an investment loan.Fannie also clarified that it does not consider the borrower to have an ownership in a property that is held in the name of a corporation, even if the borrower is the owner of the corporation.

You do not need any cash or little cash in most cases when doing a wholesale transaction, sometimes you will do what they called the double closing.

depending on the workload of everyone involved in the transaction, such as EPA inspections, appraisals and financial documents.