Typically, lenders want money to mature in your account for a minimum of 3 months. If its deposited in less than 3 months, they'll want a letter from your family stating that the money is a "gift", and need-not-be-repaid.... more
There are alot of agents out this way, What kind of investment properties are you looking for? I am an agent with my husband, we work with a few investors currently and would be happy to answer any questions. It really depends on the kind of investing you want to do - Rentals, Flipping, Commercial, etc?... more
I have yet to see a house that was cheap enough or special enough to justify the risk and aggravation involved with buying a short sale or a foreclosure. There are plenty of homes on the market that you can buy directly from the seller, not the bank. I suggest you buy one of those instead.
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