If you want to get into the rental property business, study the business to learn the basics before you buy and then start small!

Also, if you can demonstrate that the value is less as a direct result of their actions, I would think you could recover your half of that loss as well.I would recommend doing as much research as possible because you are basically on your own.

I was banking on her staying a long time, if that makes sense..I figured you give a nice home to a lady who is basically screwed up, but wants a nice place to cal home, why would she want to mess that up?

It is a VERY comprehensive basic real estate course and probably the starting point for more successful investors than any other course.

First and foremost, unless you have HORRIBLE credit that 9% is way too much with 20% down. now for the basics...Purchase price $36,000down payemnt $7200financed $28,800monthly payment $293insurance/taxes about another $100 lets figure $400 a month for all thistotal rents $700 per month x .60 (assuming you are going to manage the property)= $420 - $400 for mortgage payment = $20 cash flow per month...now the norm that people seem to shoot for is $100 per door, so you are about $180 short of that.

I got in touch with a buddy of mine who now has his RE license and he will be my new buyers agent since I basically fired the agent giving me the run around.

For cash out refinances the borrower must own the property for at least six months prior to refinancing.http://www.freddiemac.com/sell/guide/bulletins/pdf/bll042208.pdf.Rein USA..Basically, if your lenders conforms or sells their loans to Freddie or Fannie you may need to find a new lender.

How many owners in your area, and even in her building, have recently walked away, and how is the COA paying for THOSE dues and assessments?

Usually if they are calling you, they basically just want to liquidate the house and get as much cash from it as they can, and quickly.

I am basically a web developer and would like to make my career in REI someday.Can some one direct me to REI clubs in Middlesex County, NJ USA.Did not find many and the ones I found did not return my calls.Thanks in advance.Raj