Monique, so if you have a 780 fico score experienced investor getting a loan on a property that he is buying for 80K that appraises for 100K and he is putting 16K downpayment, what would the lender care if the seller is not on the chain of title yet?

be careful and play your cards rightthankssunsmicro

WElcome to the boards TN-Apprentice.How did your first deal go, care to share some details?

In plain terms this means that the magazines, lawn cares services, etc. that were billed to you are legitimate and you have to pay those bills.

Since renters don't take as much care of the rented property, how much rehabbing should I do?

As I said before, we should have this all taken care of soon!

You may claim it as a gift from you ( this should let them know that you care about them and allow them to take a much needed vacation after they have a chance to set up their new home).Feel free to post a reply I will check this thread periodicallyP.S I have noticed that one of my coworkers have also posted in this forum so I just want to say hello to him.

OKAY SO THIS IS WHAT WENT WRONG.omg. i had no idea being part of a condo association is so ridiculously annoying. i thought paying assessments would reduce the burdens as a SFH owner since everything is taken care for you. well #1, they refused to let me move in on a weekend but i work 5 days a week and have no place else to go so i crossed my fingers, UHauled my stuff, and hoped i could move in on the day (sat) after i closed. i moved in but the security guard said i should be expecting a fine for an "unauthorized" move.then me, being a complete newbie, tried doing as much rehabbing as fast and as soon as possible. got a guy to tear out all the old fixtures, vanities, flooring, cabinets, etc... got a painter to come in to paint... guess what?

Great, now I sound like the hair club for men - I'm not only the owner, I'm a member.....Anyway!

Real estate can be a high quality investment when chosen carefully, with professional help and due diligence.