What kind of mortgage rates are you encountering for non-owner occupied investment property?

If you have a beat-up car, make the best of it by getting stickers all over the windows and doors (at a sign shop) with your phone number and stuff like We Buy Houses.

Like I said, I'm new at real estate investing, but I thought I would just throw it out there as a possibile situation which may be encountered in dealing with the banks.

Not getting or knowing the total payoff is an absolute DEAL KILLER for me.If you encounter this, go to a reputable Title Company and they are usually pretty effective in getting payoff's in these situations.Good luck,Jim Watkinswww.dfwmentor.com

one of my biggst fears going into landlording is that i could encounter problems because of my age. im 18 although i really look a year or two younger. i am thinking that some tennants could be offended or resent the fact that someone significantly younger than them owns their house. im hoping that if i handle myself in an apropriate manner it wont be an issue but honestly i could easily see the problem coming up. so i guess im just looking to see what other people think about my situation

If it was the other investor would have tied it up by now, subject to the "title issue", but still tied it up.BTW, I've only ever once encountered what I considered to be a title issue (in TX) that looked like a "lot of work".

Great spirits have always encountered violent opposition from mediocre minds." ~ Albert Einstein

The more you understand about conventional business finance, the easier it will be for you to understand the unconventional finance methods you will encounter in REI.Although you will see some people on here and elsewhere who use all kinds of formulas to analyze RE deals, it's really not any harder than 5th grade math.

So like I said Ive never encountered this before, should I just have my name added to the agreement as a recipient of a separate assignment fee?

The only waiting periods you would encounter are for cash out refinances, or refinancing and trying to use a higher valuation.