My husband and I are apartment dwellers in Los Angeles and do not own any property, but are looking to purchase a rural foreclosure as our own "vacation" home - we found a place we like, just listed, subject to Fannie Mae's "First Look" program, which stipulates owner-occupier only.

Have a similiar situstion with credit line at prime but remember when it was 8.5% not all that long ago.Credit lines are best used as a back-up source of funds and not for long-term.When your credit line expires apply for a new one.

No the source of the mold has not been fixed.Am thinking will skip the molded property.

And so I talk to the agent and explain what it is we do and our company and our program and how everything comes together and just leave it at that.

I have just enough to get by.I live with my parents for now until I get a secure job.I have an internship with KPMG for 3 months and then I will knowto start full-time or use the internship exp for full-time with another company.I'm looking for a job that will give me the skills and help me get by we are talking at least 40k a year.I know accountants start off 47k-55k a year but I'd rather take a paycut to learn about how housing properties are valued, what tools/programs are used, licenses to pass, etcPlease keep these posts coming.

Hi I am looking to see if anyone has any creative ideas here for me on my rental business and financing.I'm doing RE investing in Los Angeles.I have a business that has been going for about 3.5 years now where I buy houses and rent them out to guys in a self help program for a year.

I have called another 10 - 20 after that still looking for new sources or better deals... have a really sweet gig going with a local one, just closed on my 3rd property with them yesterday and the 4th should happen in about 2 weeks.

Materials would be sourced from vendors according to strict specifications.

Unless you are an experienced investor, don't buy Class D properties.Article Source: http://EzineArticles.com/1373544

:1) Based off experiences with the type of SFR to invest; I'm thinking of moving my wife and I into a nicer suburb (housing ranges from 120k+, rents in the $1.2k-1.8k range) - but won't make the jump until I find something around 100-120k so I can rent it out in the future if I chose to move.If I did this, I would rent out my current townhome (purchased for $75k & built in 2003, rents for about 950-1100 in very desirable location in Jacksonville)...Option 2 would be based on trying to leverage more cashflow to help feed future investments:2) stay in my townhome, and drop 25% on a SFR around the 70-80k range that would rent for around $800-1k a month, but the homes in these areas would be ones built in the 1970s concrete block style.I feel like former option would best my investments for building wealth as I do not currently depend on real estate cash flow as a source of income.On the other hand it feels like having a starter investment that yields more cashflow would help seed future investments.Thoughts are always welcomed!