All Forum Posts by: Arlan Potter

Learn the business by working for someone else.. Lots of paperwork. liability. etc

You cant do that. You can show rental income on a schedule E that is more than the mortgage payments you make. You can show them the leases you have with the room renters, etc. Technically you pay your mortgage.

You will most likely have to personally guarantee it.

I am curious You let a local RE agent tell you what type of financing you can get? Interesting

I haven't heard about a heloc but I had an $80,000 Line of credit called one time by a bank and another time a bank demanded repayments on a line of credit of $25,000 per quarter for a year.

I wouldn't. It is not rocket science'

All houses have foundation issues. It all depends on the severity. PS I Don't know what a seller with foundation issues is. Maybe small feet.

Bid higher

Why would it crash? When will it crash? If you know that, then you will still not know the length of a crash, whatever a crash is.

A good time is when you need one. Get a boatload of properties first.