All Forum Posts by: Raymond B.

Bryan,
Thank you for the offer.

Raymond

Hello Hung Nguyen:

Keep in mind that many lenders will not accept a short sale unless all of the parties involved (buyer, seller and agents) sign an affidavit of "arms length transaction" stating that there is no agreement or understanding, written or implied, between the buyer and the seller that allows the seller to rent or regain ownership of the property in the future.

Don't do it.
It could be considered fraud.

Raymond

Hello Jacob:

If you're going to get involved with rentals, I suggest that you spend some time in this forum:

http://www.biggerpockets.com/forums/52-rental-property-questions-landlording-issues

Also, check this out, as a guide:

http://www.biggerpockets.com/forums/52/topics/18371-help-me-understand-this-deal-and-5-2-rule

Raymond

Bryan,
Thank you for sharing.

Raymond

Sharad M:

Nick J., lives in the Phoenix area, and is always willing to answer questions about that area:

http://www.biggerpockets.com/users/motiv8td

Raymond

Mark,
Welcome to the forum.

Raymond

I live in Ct.

At the ctreia meeting is a HML, who lends at 10%, 3 points, only for a SFH.

Another one lends at 12% and 3 points.

Raymond

From what I've heard, it is recommended that you live in an area 6 to 12 months before you purchase your residence.

Good luck with your move.

Raymond

I also agree.

Raymond

James Martin:

Micheal said:I just closed on a duplex in Indianapolis

Raymond