I'm not trying to break any forum rules.

That will mean less interest in buying third or fourth homes in Dubai, said Gabriel Stein, a director at London’s Lombard Street Research, which provides economic analysis. “There are bound to be white-elephant developments,†he said. “If it was built on the premise of ‘build it and they will come’ then that will now turn out to be a mistake.†Bargain Villas Banks are tightening lending or freezing it altogether.

Yes you will make a little money in the beginning, but what happens when the rules change and the way you were doing it changes and it affects you?

I think you're overly optimistic about your cash flow, but this still looks like a deal.Rent $5600Expenses $2800 (50% rule)NOI $2800Payment $2062 ($310K, 7%, 30 years)Cash Flow $738Cash flow per unit $184That doesn't consider what other units are selling for in the area, or local conditions.

If the borrower does not respond to the court action within a specified amount of time, the county clerk can find the borrower in default and the lender can ask the court to make a final ruling.

Some Banks Can't Foreclose, Unable to Find Loan Documents Bottom line: As a result of Judge Boyko's retarded ruling, not a single homeowner has been let off the hook.

(Due to the SCOTUS ruling in Grill vs.

Also, I've seen a lot of reference to the "50% rule" here on the forums.

Too bad I did not know about this website prior or I probably never would have made the purchase (did not have knowledge of the 50% rule for rental property).

Talk to people like those here until you get a good understanding of what you are doing.What I have learned with short sales is that there are no rules.