The property can be returned to operation in short order but without a recent history of revenue that will support the loan, the banks have so far declined financing.

I will start out first with wholesales and short-sales.

I purchase the property using short term financing - most of the time a 90% loan (90% of purchase and repair cost).

Unless you're doing short term flips.

And i personally think we will bounce and see and revist our short term uptrending again soon.

Thanks for the welcome....I sell all sorts of home gadgets the best thing Ive put into a home yet is called Sonos....Incredible home music server system thats inexpensive and allows the homeowner to play 2million songs from the rhapsody server..My dad and I have an office building in San Bernidino, Ca.

To make a long story short.

In the meantime, I will organize all of my records to indicate that all issues were handled in a very short period time to show that if what she said about the Mar/April notice were true, that it would have been taken care of back then, and not waited until now.

ok, i want to make this short but it might run on.i re-fied my primary residence and took about $100K out.i just offered to buy my first rental and the seller accepted my offer.the offer the seller accepted goes like this.purchase price--$265K20% down--$53Kseller pays $7,950 in closing costs.i want to go with a no doc, conventional investment loan.814/804/787 are my tri-merge credit scores.one loan officer is telling me he can get me 6.5% interest only conventional investor financing with 20% down-no doc's, but i have to come with $2,000 out of pocket.

you may want to talk to other investors in your area that have been doing it and learn from them. be sure to create a plan that you either type in word or write down and stick to it. best advice that was given to me was read all about investing then decide where you would like to start and surround yourself with people that have done it before. once u find what type of investing you want to do then create a plan and follow it. make sure the plan is flexible too there are bumps along the road for us newbies as we experience the world of real estate in different markets and areas of the untied states. in my opinion the most important thing is knowing your return on investment (ROI). if you're looking for cashflow maybe renting is your alley. if your looking for short return maybe wholesaling. there are many ways to invest. i suggest read them all and make your choice...