Originally posted by Chris Mason:@Edward Briley, people buying using HELOCs typically go to their online banking thing and print out something showing their name, balance, and available credit. 

After 20 years of buying and selling real estate this morning it occurred to me that if somebody offers to sell their house for let’s say $250,000 “as is” and you agree to pay that exact price with no contingencies, but other people are interested in the property , then that seller can just raise his price and not sell the property for the price “advertised”.

The way the first type of loan calculates DTI, people struggle to scale.

Could also buy a condo and rent it out to college students (Loyola/Depaul).

If not, this is going to add stress to your marriage and your relationship to your children, and typically significantly more than most people expect.Your house is inevitably going to be damaged and changed during the time that it's a rental.

Renting by the rooms and having other people pay the mortgage.

Plenty of people do not want to move them wen they relocate.

Just pick the forum you think is closest -- people will see it.

I said I want to network with people.

You send money to people you don’t know and have never met hoping that they actually do what they are supposed to without any escrow company or Trust account involved.