It would be my guess that on average most people dealing in RE, I know it is for sure with agents, do very poorly.The answer is something you will have to learn on your own and it will depend entirely on your effectiveness, which is a result of your efforts, time spent, and abilities, combined with your resources.This is area specific so your best bet would be to find people in your area and figure out what is going on with them.

Sometimes sellers tell me I have to choose one or the other upfront, in which case I will just pay cash, and then refinance later if I want to.

IMHO, your best bet is to buy some place that needs a fair bit of work.

I'll bet that under the circumstances they will continue the assistance on a probationary basis and if the kid is found guilty, they can revisit the situation.

If owner occupied rates hit 15% again, like they were when I first considered buying back in the 80s, you can bet these loans will get called.

You bet Charles!

Your best bet is to wait for it to come onto the market with a real estate listing agent, wait until the owner occupant period is up and then make an offer.2.

Is it possible to do this?

Example- Buy a house for $40k. Cost 10k to fix it up, then house appraises for $90k. If you put down 20% on the original loan, then you have a loan amount for $30k on a house worth $90k. Ca...

Just wanted to post this quote from an article I read, although I think banks are still ignoring it (as common sense does dictate main goal should be to make sure you are making a good loan that won't default, not that you are not penalized for making a bad loan), regarding it not affecting their default numbers: Banks didn't want their Compare Ratios to rise.The FHA has acknowledged this issue and, similar to how HARP II waives reps and warrants on HARP refinances, the FHA will now exclude FHA Streamline Refinances from its Compare Ratio calculation.

Are the refinance seasoning requirements the same for a small multifamily property as they seem to be for residential, ie 6-12 months?