As an un-experiences landlord I am seeking advice on which approach and how to explain without causing too much aggravation from her side.Appreciate your help,YG

I am sorry that you feel your realtor was the cause of a good deal getting away, I know how frustrating that can be!

I noticed that (re: low end & cash flow) on paper, too, although the concern there is A. problem tenants and B. resale down the line and lastly C. the seller usually overstates income/understates expenses so upon diligent research, I've found that the cash flow often is minimal or disappears altogether--and the repairs necessary (usually involving heating & insulation, since all the low ends I've looked at include H&HW) to make the property flow are quite high.

Our main concern is rehabbing a house long distance with a contractor.

That could be $0, it could be a few thousand (I'd sell if I had to carry the thing for more than 4 months..)My other concern is that keeping this as a rental forces me to buy the new house with an 80/20.

Ryan is exactly right as far as Texas is concerned.

That is how you end up with a 6% - 6.5% rate today.If a US lender is offering 1% mortgages, its only because they are deferring the other 4% plus to a balloon payment down the road 1 year or 3 years later, which sounds good up front but will cause an estimated 1.7 million foreclosures in 2007 because of these sneaky (but legal) loan practices.We have found a way to bring Japan's financial stability and low financing to the rest of the world.

Since then then the foreclosure rate in the area has caused the value of his new home to drop to 125,000.

Hi, I have a few questions as far as buying Real Estate are concerned:1.

Caveat: Going the HELOC approach makes sense if you are borrowing money from yourself on the short term; if you intend to rent and refinance, my concerns are moot.