Jason lots of fraud and criminals out there trying to make a quick buck.You could be sucked in and chosen "guilty by association" in the deal.We have a saying in the business.This deal has "too much hair on it" and you need to walk away.Many of these techniques with short sales squeaked by 3 or 4 years ago before bank guidelines were in place.Now with systems you cannot get away with anything if you wanted to.Before there were shades of grey that were closed out.I would see buyers write up a bill of sale and pay the seller 4,000 for JUNK for personal property.At the time certain things didn't have to be disclosed.Short sales made up only about 1 percent of loans when the market just started turning.So anyone looking at short sale techniques make sure they work TODAY and not from years ago.You will pay dearly for using old techniques that can get you in trouble that are not allowed today.You have to adapt and structure deals to stay in compliance with the ever changing laws.

There was a limit of up to 4 properties and then Fannie Mae changed the guidelines for conforming loans.

Joel, Sec 8 tenants can make up a difference over the entitlement to market rates but it can not exceed a third of their income.And Joel is correct in that FMR can be adjusted and less can be allocated for your property, but you can also opt out of Sec 8 before such rate changes take effect as they will be paid to the end of the lease term.

You lose:- benefits (such as medical) which are costly to get on your own- a source of recurring funds- some ability to get lines of credit of loans- ability to qualify for various loans at banks- a lot of your ability to get back in the job market several years later, if you change your mindIf you do, make sure you have a large cash cushion in the bank.

The max change within a year is 4%.

Change orders or unforeseen items are the standard not the exception to rehabbing.

I don’t know if it’s because I’ve been around for so long now or if maybe it’s the combination of that and the fact that the markets have changed a lot and the agents are realizing what used to work isn’t always, isn’t necessarily working now.

Probably a venue change again to suit our needs a little better.Great meeting you all!!!

I know you have no debt, but having money in your pocket can change things...How much income do you need to live?

Isn't it funny how quickly the conclusion can change?