So when I approach a lender to re-finance the property, does my conversation begin with "I own the property free and clear" or do they want/need to know that it was paid for using an LOC and will that have a negative effect on their lending ability?

What do you think of HB4050 and how is it going to effect investors?

TC,If section 8 is paying the vast majority of the rent (tenant portion only a few bucks), I will usually keep the Section 8 money and fax a letter to Section 8 telling them that the tenant hasn't paid their portion and asking them to terminate their Section 8 effective the next month.

., which would be effectively like borrowing the money with zero points, albeit fairly high interest.

You would think people would realize that it is just a “TV” show, and “maybe” it has been edited, simplified, and dramatized for effect and ratings…

This had the effect of lowering the available supply of rental units.

If so, negotiate a contract at your target price and then contact anybody who made a lowball offer and ask them if they are still interested...could be a more effective way to achieve that simultaneous close.

I work fast and so cost effectively (cheapest materials) and so low in my labor charges that I tend to get a LOT of work.

Effective after Jan. 2008 for sale of any residence that previously was used as a rental or vacation home.

short version: (total monthly rent) - (% of average vacancy and collection losses) = effective gross monthly income effective gross monthly - monthly operating expenses(these usually include property taxes, insurance, maintenance, management, and so forth.