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!

An assignment of contract is normally a fairly simple and straight forward form, and I would guess that yours would be just fine.Originally posted by "Frenzy":Q.4.

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.

I would like someone to show me anyone who is currently, or has been in prison, for doing a sub2 or a straight forward double close with no fraud.

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?