In October, 1996, the Department placed a moratorium on investor participation in the 203(k) Rehabilitation Mortgage Program.If you designate that as your primary residence and intend for that to be your primary residence I don't see a problem if your getting at trying to process a 203k loan for a rehab in Houston and staying in Shreveport and plan on saying your rehab is your primary residence and justify it by saying "I don't have any investment property's" I think your asking for trouble!

I love Prescott, I want to live in Payson and I think Tucson is a dirty city :mrgreen:I am getting my license so in a few weeks/months I'll be able to represent anyone looking to buy and sell but in all reality, that's not why I participate on BP.

We will be giving away 1 month trials (5), 3 month trials (4), and a 6 month trial account (1) to 10 participants at random, who help by completely filling out the survey.Please take 2-3 minutes to fill out our survey by clicking the link below:Please Take Our Survey Now For the Chance to Win!

Funny thing, we wanted to participate with the rehab & decided to work on the yard, so we planted seeds & grass barely grew, so we decided to hire landscaper to do the grass!

In order for the income from the rental activity to be "passive" you cannot "materially participate" in the income generating activity.

Michael,It really depends on how much you want to participate.

While it is in our interest, as you know, it is also in the interest of each member to participate and post -- the benefits that come with being active here are quite valuable.

You can also check the legal paper for your area.I just participated in Baltimore's tax sale last week.

He is not a BS artist and his post count, influnece levels and participation in this forum would tell you that upon some additional reading on your part.I have in fact worked and am working with Nick on several aspects, including the fact that he is negotiating one of my short sales.

We gotta get them out of the wood works and participate