So not only is their equity shrinking from the declining market but their loan balance is increasing due to negative amort.

Children are naturally a negative investment.

Yeah cheap skate is a negative term.

Look forward to speaking with you.Regards,

And maybe you don't like the sound of "Buyer's Agent," but if you want the inside scoop with REO properties in the Pittsburgh area, you are going to need to speak with myself, or one of the other few agents who are willing to go through the brain damage that you will certainly encounter. the trick is having somebody who knows the ropes be there, and explain the process to you.

Insurance, advertising, tenant screening, legal fees, maintenance, evictions, the list goes on.If the net taxable income is negative (entirely possible with the depreciation) you may be able to deduct this against your ordinary income.

Please provide at least 3 references for investors you have completed funding with, so that I can speak with folks you've worked with - preferably in KC, MO market.

IHMO (and, I'm in the middle of rehabbing a house as we speak), you CANNOT rehab houses unless you have a significant amount of cash on hand.

I use to say that I have never put earnest money on a non-listed property, but about a month ago I gave $30 earnest money to a seller who was half crazy and very unstable, and I didn't want to mess with it.I'll speak for Texas because its the only state I've bought property in, but you do NOT have to put up earnest money to make a contract valid in Texas.

Legally speaking the lender who foreclosed should come in to the property and clear out the belongings and put them into storage.