Meanwhile my market has produced a fantastic buying situation, but I am terrified.

I'm a music producer/engineer/songwriter (a successful one, thankfully :mrgreen:) , getting into REI as a source of supplemental income, although the more I learn about it, the more time I'm interested in investing in it, so who knows, maybe one day the percentages will be reversed...

Quit this cuick claim crap.Do a regular warranty deed / grant deed (California) where builder creates a seller financed mortgage in first possition....Now you hold the title and builder has a lien on the property.... and you have loan to pay off :)

I'm aware you need to factor in vacancies, maintenance, etc. but I'm suprissed to hear 50%.I thought the general rule was a rental property should produce at least .8% gross rental income.

It could be to produce income.

It takes about a gallon of gas to produce a gallon of ethanol.2.

Both can have significant cash reserves but not the ability to produce the needed documents plus 3 years of credit history in the US.

I haven't posted on this site in a long time, but stop by and read the forums regularly.

They want to know what the property produces, not what it might produce if things go well.John Corey

. , also talks about one who does not regularly engage in the business of making or brokering mortgage loans one of our recent REIA's we had a lawyer discussing this, and he kept mentioning how theres alot of gray area, and there has not been any cases where this was brought to court, My undestanding is, if your owner financing the properties, you'd be regularly engaging in the business and could be found guilty. the lawyer wasnt even sure. just dont get caught.