Working to see who can assist me in taking out additional equity and refi out of a FHA at a higher rate but the reduction in PMI can help me with the cash out to purchase another property.Our situations are not exactly the same, but to me it seems that a preliminary screening is done by the loan provider asking for the mortgage outstanding and the appraised value and credit score.Then look into the required LTV since a refi and cash out option can result in a higher interest rate and lower LTV requirements.Hope this helps.

A "Flip Transaction" will require 2 appraisals (only 1 can be paid for by the borrower), and the lower of the 2 is used for calculating LTV.

I was sitting here brainstorming ways to apply some of the outsourcing principles to my involvement as a new investor and thought I'd go public, since many minds are always better than one.So far I have a small list going, but would love to hear if you all have any other ways you have put either outsourcing, or any other 4HWW (muse creation, 80/20 rule, etc.) into your real estate businesses.Here's what I've come up with so far:Virtual Assistant (VA) tasks:screening MLS for potential dealsyellow letter campaignsGoogle Adwords tracking and implementationmanaging tenant screening process (background checks, tenant checks, etc.)tracking down absentee property ownersgenerating a list of every commercial building owner in your towncollection and aggregation of data in due diligence process for a commercial purchaseresearching cash buyers in targeted markets identifying common expense items in a new market (trash, electric, water, property tax rates, etc.)What else might make sense?

I will definitely go have a sit down with them this week to let them know it is their collective issue since all 3 signed the lease, and also see if I can assist in finding a new tenant to sublease for the remainder of the lease.

Although there is a lot of red tape and costs if you can use your own money or borrow some.

. - I like your rule on $500+/unit on rent - I think I am going to borrow that rule for my investing.

The barricades down at the end of the street over the gaping hole in the sidewalk, locator markings on the pavement there and lack of anyone parked on that section of the street would lead me to think that they may be there for traffic control or to assist in setting up a lane shift for some emergency construction in the area since it appears the hole in the sidewalk is a collapse not a planned repair.

I truly appreciate all assistance at this point, because good deals are available out there, I just want to double check my homework, before jumping in.

Ed says the solution to a breach is a deed back to borrower.

Remember these loans don’t have to follow the new QM rules that fall in our lap this month, so some borrowers may be electing to go with a non-conforming loan rather than a traditional loan.