I have mentioned this deal before: Neighbor needs cash flow, her home is paid for but a reverse mortgage for her small home doesn't give her enough income nor is it worth while with all of the expenses related to doing it conventionally.

Are you collecting late fees and all the associated charges for their late payments?

Don't assume they're ATM charges etc.

If you want to follow the news about the investment banks and any new losses being reported just check one of three websites. 1 charges and the other two are more or less free.ft.com - Financial Timeswsj.com - Wall Street Journalnytimes.com - New York TimesCurrent financial news and good commentary as to the facts and meaning vs. the spin sometimes found in the more local press which is too far away from the investment banking business.

the broker will be in tune w/what's going on right now and will give you the generic info you need w/out running your credit/charging anything.

Do you have a standard cleaning charge in your lease?

Anybody have any luck with some of these companies that are popping up charging a fee for negotiating short sales for investors?

And when you meet them in person they look nothing like their picture…Especially at a convention in Fla last Oct.

I am wondering where I should get a conventional loan when investing outside of the local area.

I'd be paying interest only for up to 12 months, and then if the house hasn't sold I'll have to refi into a conventional loan.Basically from my understanding I went from 8.75% down to 8.0%.Which on a $50k loan should drop my monthly interest only payment down from $437.50 to $400.00.I am new to this and it will be my first loan so if I'm wrong or missing something please let me know.- Brian