I am also seeing people who are upside down, but who can rent the house for more than their payment, decide to rent their personal residence, to feed it until appreciation comes back, and they go buy another house to live in :clap: at the current low prices.

If I purchase a home with the FHA program and I am not going to be living in that residence, is it possible to purchase the home that I do plan on living in with FHA.

I bought my first "cash" deal in 1989 and the only mortgage since then was for a personal residence deal that fell into my lap when I wasn't looking and was a bit cash poor, with a sh** pot of income.

It's a sign of growing residence and a need for more merchants...whereas residential land in this same type of area may or may not become more valuable.

I have seen two foreclosed properties where the residents who are loosing the house deliberately sabotaged and otherwise damaged the home.

Will the lender be able to come after our primary residence if we just let them go to foreclosure”.

Thanks in advance.Live in it as your primary residence for 2 years out of 5 - this will avoid the entire tax.

After the meetings, they do not send out any tpe of newsletter informing the residents about what was discussed.

I have yet to purchase any properties, which means I qualify for the first time home buyers assistance (not sure how much assistance this actually is yet) and I plan on purchasing a duplex, triplex or quadplex sometime in early to mid 2009 as my primary residence.

I am rather new to the game of real estate investing....I have done my homework and have found a great property to start with, I plan to purchase a single family residence on assignment and then sell it to other investors i know that will rehab the property to use as a rental property.