That way you never have to do the song and dance routine that banks want to put you through to qualify for a loan.There are a number of courses available out there,check for posts on this forum.

I will have turn key investments available on this site as soon as I qualify.

I agree loan mod's do not work, first of all most are not "modifing the loan" what they are doing is lowering the interest rate and payment and making the rate fixed for a priod of time (2yrs, 4yrs or even 5) the majority of this loan mod's the principal still stays the same so if person owed 600K on thier home they will still owe 600K at the end of thier agreement, now what about property taxes as far as I know you can not "modify property taxes" when a lender agrees to a loan mod. they will now include an escrow account and the homeower will now have a much higher payment with a new lower interest rate, what does this mean to all of us more short sales, now one thing I have not seen discussed here is the Mortgage Relief Act this is very important to keep in mind, according to the IRS this will end on December 2010, so let's a homeower can get a loan mod in 2008 and he loss his or job in 2011 the IRS says now you will get a 1099 for difference of what you bought to what the bank took it back at, what does this mean the howeower would have been better to have completed a short sale in 2008 so that could qualify not to pay taxes on the 1099 they got.

Well, I think it is much simpler when looking at the rent/buy analysis. low demand (no one qualifying) and high supply (foreclosures, over building) = lower prices.As prices go lower, so will the price people are paying for rentals.

Before you ever show a single home to a buyer, you get them pre-qualified for a mortgage.

Can you buy the house fix it up while you live in it for a year or do you have to be in it 2,3 years....etc.I can't find a time.Can you go into the deal with a biz partner like this or does that qualify you as an investor?

Then you can qualify the lead.

Usually we just break the job down into weekly payments since most folks are not qualified to understand job stages.

That assumes that they can qualify for a mortgage.

There is a local company that helps find buyers for this situation; they find buyers who won't qualify for a bank mortgage and thus sellers can typically sell a little higher than retail, charge higher interest, and require less money in repairs to the house.