My first question is, is it worth it for us to spend a little more of our income on a home and still continue to save or to stay where we are for awhile and save more each month for our future real estate investments?

A decade ago, a good business plan, preferably technology based, would have gotten you more money than you could spend.

Borrowed money and cash all spend the same to them...based on m experiences.FHA on distressed RE is going to be tough, short sale or otherwise.

Example: If you can sell the property for 150K with costs to get it sold of 15K (commissions, closing fees), spend 100K buying and repairing and holding costs, this leaves a pre-tax net of around 35K (150 - 15 - 100 = 35).

Who only knows how much debt the administrations of their generations are going to incur...i dont see us getting out of this fiasco without some serious spending cut backs and sacrifice.

And that amount doesn't even include the amount you spend on the real estate course (about $450-500 or more), and all the time it took to take the course (time off from work,etc.).

Technically it's only $100 a month; but, I have to keep in mind I'm borrowing 80k and only spending 60k on the home.

Its due for repairs and maintenance but rent rates make it tough to spend the money at this time.

here is the problem....loan modification vs foreclosure deadline...my neice is in the foreclosure process and the foreclosure deadline is 1/29/09...does she need to becareful with this deadline (today) if she is within the loan modification process. thank-you for your precious time in this matter....i was just told that they did infact, extend the foreclosure deadline to 2/11/09....HOWEVER, i would still like to know what that answer would have been. would she have been protected by the loan modification process.

In the afternoon spend time walking around Porto Cervo and Porto Rotondo, along their famous and cute squares, do some shopping visiting all exclusive boutiques, visit the dock where luxurious yachts are moored...In the evening sip cocktails or have dinner at the Billionaire, or enjoy the music at one of the Cafè in Porto Cervo.Well, better wake up from this dream!