Originally posted by Dave T: @Steven Hamilton II (ii) Exceptions The term "period of nonqualified use" does not include— (I) any portion of the 5-year period described in subsection (a) which is after the last date that such property is used as the principal residence of the taxpayer or the taxpayer's spouse, If I interpret this correctly, it sounds to me that the period of rental use during the five year look-back period prior to sale might not be counted as a period of nonqualified use.

A better indicator is watching bond prices and the T-Bill as an indicator for interest rate movements.

Yes, I am looking to do FHA because I only have enough cash for about 15% down payment (i understand that conventional requires 25% for investment properties, even if owner-occupied.I guess my main concern is whether or not I would be able to obtain a new FHA loan in a few years (after the 1st one is refinanced to conventional) since I would really not be a "first time home buyer" anymore.

Take for example a sandwich LO where you as the investor are essentially a T/B to the owner, yet in the contract with the owner you transfer control of the property, and the right to sublease.

If the Trustee is in charge, they likely already obtained some RE evaluation report, whether a CMA, BPO or appraisal and have a notion of how much they will sell the home for.

I am working on obtaining the knowledge to becoming a successful real estate investor.

I am working on obtaining the knowledge to becoming a successful real estate investor.

It's certainly a bit unethical, especially if you told him that you were already working on obtaining the rest of the properties.Your attitude of not wanting to make enemies was a good one to have and it sounds like you were very professional about it.

Well if you are looking at property DTI then its as simple asNet Operating Income divided by Debt Service = DTI Ratio.Typically if banks are looking at only Property DTI then they want 1.5 or higher.I believe last commercial loan I obtained they also didn't want personal debt greater than 40-45% of Income.

Personal loans from the credit unions - not really difficult to getTitle your car if its paid off and it has equity --Ive done this 3 times with the same car - again not really difficult to getIve had lower credit, so I had to go for loan products that are easier to obtain than more stringent ones, as well as properties that are lower priced to fund them.