The rental market seems fair, it is hard to know this time of year we have been having very cold snowy winter, this wed. our high is going to be -15.

I placed a bid on a short sale on dec.5th the bank (indymac) did the BPO right away and said they had all they needed, on the 19th, and to give them 30days. realitor called them on tuesday jan. 20th and they said give them 14 more days. wed jan. 21st the banks sent a Purchaser Eligibility certification.

I will advertise at least the Wed. prior, so that I have two weekends of advertising.

hi ivanthis is a very good viewinstead of focusing on why you can't do something, focus on figuring out how can you.but also remember focus on first on making sure its ethical, the deal is right for all concerned.and that no one walks away from the deal think I just got scr-wed you can walk away thinking I lost this or that but if the person or company thinks they got scr-wedthen there is somethig wrong with the deal.and here another bit of adviceif that RE is willing to do the above they also are abit dodgy in my books and I woudl take a wide berth from them as wellin this market with tapes left right and centeryour market just had jan to march a 75% increase in foreclosures per my infowith funder wanting to sell productwhy do dodgy stuff.your market is the best at the moment and its about to get worse from my info againso why do this type of dealif you want to win in a falling or a fallen market you really want to get on the side of the funders not the offsideand focus on figuring out how can you do as you think

Sounds like we'll hear a big announcement tues-wed.

Thank you everyone for your replies..so everyone sort of understands the relationship:I'm 50 years of age and my friend is a few years older--we have known each other since I was 14--he was the best man at my wedding and in past times we were room-mates---a lot of history.I cautioned him about being a landlord and stated that he ideally would need a certain number of properties--in case of a lengthy vacancy, eviction, damaged unit.

With the elections tomorrow and the possibility of QE 2 being announced by the Fed on Wed, should I lock in my rate now or float until later in the week?

I have decided to focus more on rental properties, mostly multi-family units, for a little extra cash flow, and for the equity that I should be able to cash out on in 15-20 years, when I need to start paying for college and weddings for my kids.I hope to make some great connections here and gain a wealth of knowledge.

The funny thing is they e-mailed that settlement form again and said we have to sign it and have it faxed by Wed.

I needed to leave for a wedding in 2 hours, my wife was less than impressed that instead of getting ready, I was leaving for an auction.