don't know but Oregon is quite strict in fact you need a developers license to rehab and resell homes .. even if your only doing one a year.. you can only work on homes you owner occ if its to be resold to the public you need a GC license for a developers license..

It is a bit mind blowing that we can now access such a vast resevoir of wisdom here, kinda makes up for all the time wasted on nonproductive internet crap:)The warchest therory has another downside; similiar to folks endorsing gold to hedge against catastrophe, what happens when the storm passes and you and everyone else now has to turn their gold into cash at the same time?

Martin Saenz My primary goal as well is to get the borrower Reperforming this I like to buy non performers that have made payments in the past 12 months.

They either pay on time or they get a notice to non renew.

As a (non-accountant) tax pro I pick up new clients each year from people who are switching.

The Option gets recorded on public record and clouds the title so the owner can't sell it.

If using a lender this is a non issue.

That's great about wanting to give your kid an education in non-traditional earnings. 

I'm making my first purchase on a "non-owner occupied" duplex in Central Indiana and the first mortgage company that I went to get pre-approved will only allow 25% down.

Get your tenant to explore NON- FHA options like 99% ltv & 97% conforming loan options.Also, you need to know the REAL deal with this buyer's "Mortgage" report credit and ability to obtain a loan.