The challenge we find are the deed restrictions and the contractual limitations that banks attach to the short sale approval letter.

I'm giving it away, basically, Brandon sets the price with my approval but he has suggested $1.99 or $.99 or upwards like J Scotts book, ( J Scotts price is a deal I'm sure) but I want it dirt cheap.

Our combined income is mediocre to say the least (85k/year, soon to be 95 - 100k) and have one car payment (300/m) and some cc debt (10k).We felt that we had a a unique situation on our hands because of the equity we have on our home, so we decided to do some researching in Real Estate investing and came to the conclusion of doing a HELOC and investing in SFH in Lancaster or Palmdale, CA.Chase, our lender only approved us for 40k with the condition to pay off our debt and car loan which only leaves us with around 6k.We are thinking about Lancaster and Palmdale because there are some properties that will fits our budget and fall within the 1 - 2% rule.Any advice?

Also, in many cases you can use projected rental income on the property to get approved.

I have the means to finance it myself, so maybe I will get a pre approval to get it under contract and look for the alternative financing once it is secure.

Thanks Michael, I suppose I need to get pre approved for a loan before I can figure out what my cost will be.

Stock may be transferred or it can be restricted as to a vote of other stockholders or board approval.

The sale is subject to the seller's approval which means it may or may not be sold for the bid price you see.

If someone asks me for something and I don't approve it, I say no.

HUD approves the GC and sets up the contract and the payment terms.