Now let me qualify this by saying that I do not know if they actually cash flow based on the 2% rule.

They usually have rules for allowed uses though, and that may run counter to the property being used as an investment.

No need to run home, cook up false info and then submit the form.I publish the house rules.

Turned out tenant was a drunk but did manage to follow all rules for 2 years The first thing that happened is the bank notified us that the insurance had not been paid and they were invoking mandatory insurance which is expensive.

Besides its the same thing except different regulation size table and different balls and a different set of rules, otherwise same thing!

You may get paid somewhere down the road when she tries to do a transaction the judgment blocks.This is one of those situations that contributes to the expenses = 50% of rent rule of thumb.

A theory or a system of moral values: "An ethic of service is at war with a craving for gain" Gregg Easterbrook. 2. ethics (used with a sing. verb) The study of the general nature of morals and of the specific moral choices to be made by a person; moral philosophy. 3. ethics (used with a sing. or pl. verb) The rules or standards governing the conduct of a person or the members of a profession: medical ethics. le•gal (l g l) adj. 1.

I've noticed alot of the big name mortgage companys like Countrywide seem a bit conservative with their rules.

I have pre-approval to do 4-5 of the 50,000 deals that meet MikeOH's 50% rule but it isn't much good to have the funds available if the lenders will not finance.Most bank-owned properties I have found, the REO officers are cutting prices and willing to deal, but here in Alabama, the one year right of redemption is holding up my financing.Any ideas?

Hence you can grow your IRA funds if you invest in profitable deals.There are some specific rules about the RE transactions you can engage in.