You are 100% right Chris, but FHA has not covered the servicing aspect in their amendments.

Also, you must make sure your tenants get renters insurance to cover their possessions.

hello everyonei was just wondering if anyone had any great marketing letters (targeted to owners of large apartment complexes) their willing to share. i also wanted to know if anyone has any audio's on the subject of learning commercial real estate investing that their willing to share as well.

I would at least find some way to cover my closing costThat being said, the recent surprise to me is 2% rule.

A prospective Lease-to Purchase was lined up to occupy the home and cover the mortgage payments in many variations of this scheme a portion of the kick back money was supposed to "protect the Investor" some of the bolder operators actually marketed this a a second chance opportunity for the cash rich and credit poor (People with income that was "difficult" to document) The rapidly appreciating markets allowed for substantial "equity spreads" the source of the "kick back money." i.e the FMV is 100K the seller has 45K into the property and would be happy with netting 18K profit, the change goes to paying all the closing costs and a gratuity to the buyer.

If I were to rent it, I could barely cover the mortgage but if I put it up as a lease option I can see a little more rent and profit in the end.

You need cash reserves to cover these unforeseen expenses.There are a bunch of people involved here.

It does, however, mean that a lot were when refi's and sales were at such a high volume that the lenders were not even looking at the appraisal for the most part.Getting back to the role of the lender -- all lenders are subjecting appraisals to close scrutiny, first applying certain measurements to the basic facts, and then sending it to appraisal review when it does not meet the standards of these new guidelines (and they do not meet them A LOT right now.)It doesn't matter what the realtor feels it is worth or sometimes even what the buyer is willing to pay, unless they have deep pockets to put down a larger down payment to make up the difference they cannot finance -- the lender will have tremendous influence over the value simply because they control the purse strings.

Subject to is very new to me and very enticing.

He sought a bank loan that covered his remodeling plus his mortgage so my guess is he's eaten up his profit holding this house for 6 months.