There is some logic to this law change because most people under the prior rules didn't recognize a taxable gain because they rolled it over into another residence," says Trinz.

I know rules are set by the state you are renting in, but what office in my state would I need to go to in order to get a listing of what I can and can't do as a landlord?

Another rule of thumb is to talk less, ask more questions, and listen.

the only times i can think of justifying an interest only loan would be for a quick turnaround (hard money loan for a rehab), or if you were GUARANTEED to have substantial appreciation.

if your going with financing and a longer closing then you will have to show the bank your well qualified and pretty much play by their rules (their conditions, timeline, etc.) if they don't have any other offers or any cash offers (the bank i work with will take deep discounts for cash and fast closings (2 weeks or less)) you may make a higher offer but if the bank can get it off the books before the end of the month with a deep discounted cash offer then they will seriously look at it, even if they lose some money.

I don't know.I offered $160k (1% rule).

Seems to residential, it supposed to be near the Santo Domingo. i know i can find out what the rents are in the area, but I'm guessing the same rules we follow in the states don't apply there, so any suggestions would be great.I know i ail have flexibility with the price because it is my friend that owns it, he's not really sure what it worth, just picked it up for cheap I'm sure.

This numbers below are for a 12 unit for sale in upstate NY.Based on rent roll 2% rule means we should look at a purchase price of around $400K.

We don’t have enough equity to justify selling the primary residence and it is way too nice to rent as it isn’t tenant proof.

The new Dodd-Frank go into effect on Jan 10, 2014 and the rules apply to financing for owner occupant buyers, not commercial or investor to investor transactions.