Six more banks failed today (4/15/2011) ..... or should I say were closed by the FDIC.Two in Alabama, two in Georgia, one in Mississippi and one in Minnesota.Brings the total bank failure count to 34 with Georgia way out ahead of the pack with 8.In 2010, 157 banks failed.

But I'm giving it my best shot, and thats what counts right?

Proverbs 22:4.Before success comes in any man's life, he's sure to meet with much temporary defeat and, perhaps some failures.

Do not count rents toward purchase.

All I want to do is find the seller and sell my contract to the buyert I do not want to collect the monthly income and hold the buyer hand and count rent credits should I look at a lease option friendly state since it can be done virtually?

Hoas do not normally reduce the amount due, for any reason, so don't count on it.

I used to count on doing business with Mitch, and the fact is now that he knows what he knows, he is not in much need for my services.As Mitch mentioned, he is working with private investors.

Even though I easily spent more than 750 hours last year on real estate investing, it is still counted as passive activity because of our W-2's.Does anyone else have this same experience?

One item to note, typically the lender will want to see two years of tax returns before they'll count the rental income.

Hammond took the money and left, and the tenant never heard from him afterward.It was only later that the tenant learned that the home being "rented" had been foreclosed on and wasn't supposed to be occupied to begin with.Police say Hammond committed a similar deception on Feb. 8, when he took a total of $1,110 in so-called "rent" from two victims who thought they were renting a home in the 5300 block of Rollingwood Trail, near Newcut Rd.That was also a foreclosed home -- and the "tenants" were unable to find Hammond to get their money back.Hammond was arrested yesterday afternoon and charged with one count of burglary and three counts of theft by deception."