Oh, another thing, pledging securities "against the box" you need to be aware that if a bond price falls, you'll need to pony up that difference to the collateral level required and they may not take into consideration the principal reduction of the loan, they may look to lower risk levels later on.

but be up to debt to their eyeballs which may make it difficult for them to pay your rent if they get a reduction in work hours or get hit by another bill (medical, new furniture payment, etc.)

  : )Fast forward to 2018 and the ugly truth is that 2.5 years into ownership, the flat roofs and boilers reign supreme over the big fat CALPERS pension that I worked 25 years to earn.   

If the condo has been listed for a while, and the bank is ready to dump it, they are going to be more negotiable than if they just recently listed it and you were one of multiple offers.Also, make sure that you request the price reduction during your due diligence period, as once your contingencies are expired, it's not likely the bank will make this type of concession.Short answer - it's definitely possible they'll drop the price and meet you in the middle.

Yeah I thought my photo made me look a little FAT LOLGood job again Josh keep up the good work Fearless Leader!

There will typically be a hearing if the amount of requested reduction is significant.I do file property tax complaints for my clients, and usually get a reduction.

Well if you can do it better get up off your fat bum and go do lead gen, go talk to sellers, get your own damn contracts signed. 

Asking for a reduction in rate is, well, lol, probably not possible.

But they prefer to stay in the shadow and expose you to the all storms and thunders while charging fat lump sums from your credit card accounts.

Owning a 2-4 unit property as your first investment is a great idea, as living in one unit while renting out the others will create a significant reduction in your monthly obligation to the mortgage payment, and if you play your cards right you'll even be able to have your mortgage completely paid by the other tenants!