I looked at the history of about 15 properties purchased by two investors.

jon, If the property being refinanced is less than 75% LTV you can use the rental income without a two year history as long as you have 1-4 properties.

Long time browser here, but first time poster.I've been doing real estate for years out in OC California but am now in the DFW area in Texas.I bought my first "courthouse steps" foreclosure the other day.

Well I'm pretty new to everything as well but, as far as I know you find private people holding a second mortgage that have good payment history on them.

General Growth Properties filed for bankruptcy today, the largest property bankruptcy in US history.

While investigating the person's background history, it may also be a good idea for you to contact their current and previous landlords to gather their opinion as to whether the tenant paid the rent on time, kept the property in good condition, and left on good terms.Another option to keep in mind which is more of a no-brainer is to verify the person’s employment.

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This statement has several discrepancies.First, it's not a matter of if they failed; rather, it's well documented in history that they failed--and when they failed.

I think, given the history of your posts on the property (since Dec-07), that you have let "getting the property" become more important that getting a good deal.

My early history is related in the Meet The Investor section of BP and also in a book I wrote and have given to many BP members.