., if the state contract calls for specific performance penalties).Second, the fewer stipulations you include, the more likely the bank is to accept your offer.For me, the only stips I ever include are that we have 3 days from binding agreement to turn over the earnest money and notice that the selling agent (my wife) is also the buyer.On occasion, I've added a stip that says I reserve the right to switch to financing instead of a cash purchase if I so choose, but that there is no financing contingency and that I'll pay cash if for some reason my lender can't perform (I do this because I occasionally decide before closing to finance the purchase instead of paying cash).

If this was recession was any indication, then the markets should be roaring until 2014 and then come crashing down.

This way you can have an indication of whether it is an investor because of the usage of cash.Regarding specifically places like Dolton, Country Club Hills, and Calumet City I have to tell you that I do not know anything about these places.

Might be fun to look into, but just not sure.We have seen indications that loan mods don't work so that might not be a good "exit" plan for these notes.Also, my impression is that it is harder today to get buyers to agree to Deed In Lieu, particularly in certain high FC states.

Tens of thousands nearly riot for the opportunity to get an application to be on the WAITING list for more section 8 money in Atlanta.Just for the sake of accuracy -- and unless you have a link to an article indicating otherwise -- I'm fairly certain what you're referring to here is the annual NACA open house where they set up shop at the stadium and invite mostly low-income folks to apply for refinancing or purchase financing.NACA is *NOT* government supported and is *NOT* Section 8.

Now my question is when calculating the expected profit my numbers seem to indicate that putting lower down will give you more profit over time than putting more down, that is if the rate is the same.

All of the other indicators, economic numbers, etc. are a function of this core issue.The longer term issues are that of taxes and education.

Also to Jimmy's point, there has been a recent backlash against those the are highly educated...in many cases, highly educated people are called "elitist," with a very negative connotation.Couple that with people in authority (like politicians) who essentially accuse Americans of being functionally illiterate by insisting that all messages must be delivered on a third-grade level.And as Rich pointed out, being smart is associated with words like nerd and geek, which generally have negative connotations.If being intelligent and well-educated were considered to be an indication of success in this country as opposed to an indication of being elitist or weak, maybe more kids would aspire to it.

If you have been approved for the loan with your current mortgage and expenses and have the income to qualify, this would indicate that you can afford the payment for both your current home and a new home.

Because multi-family residences are fewer and farther-between, investors who choose to invest in these types of properties have less selection, and therefore often have to be flexible in their purchasing criteria * When evaluating the value of a single family home, you often have many, many other similar homes in the neighborhood to compare against to get an idea of how much the house is worth, how much income it can generate (i.e., how much you can get in rent), how quickly similar properties are selling for, etc.