Comments on: How canI purchase investment properties without them all being on my credit? http://realestate.realhow.com/how-cani-purchase-investment-properties-without-them-all-being-on-my-credit/ Socially Responsible Real Estate Investing Wed, 03 Dec 2008 13:01:39 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: mortgage help http://realestate.realhow.com/how-cani-purchase-investment-properties-without-them-all-being-on-my-credit/comment-page-1/#comment-111 mortgage help Thu, 20 Dec 2007 05:48:00 +0000 http://realestate.realhow.com/how-cani-purchase-investment-properties-without-them-all-being-on-my-credit/#comment-111 Even if you hold title as an LLC, you will still have your name on the note. Otherwise you could just walk away without affecting your credit.. what lender would be ok with that?? Even if you hold title as an LLC, you will still have your name on the note. Otherwise you could just walk away without affecting your credit.. what lender would be ok with that??

]]> By: kaliroadrager http://realestate.realhow.com/how-cani-purchase-investment-properties-without-them-all-being-on-my-credit/comment-page-1/#comment-110 kaliroadrager Tue, 18 Dec 2007 01:23:58 +0000 http://realestate.realhow.com/how-cani-purchase-investment-properties-without-them-all-being-on-my-credit/#comment-110 You are on the right track, although many banks do not give you unlimited spending power....they want to know what you are doing, and in real estate, this is not such a good time for this. Many home prices are dropping since no one can afford the ridiculous amounts that you types have been asking the last few years. The wise thing to do is buy when it's cheap, but right now, buying homes for investments aren't wise, since you pay an inflated price for them. I live in southern Cali and right now there are so many homes by investors going for sale, since the decreased rent prices will actually cause the owners a loss on that house if they continue to rent it out. I have no sympathy for them, or you. They drive the housing prices up just so they can afford their Hummer or BMW. But what happens when the federal government increases loan rates.....this is what happens, a balancing out, and those that bought high, hoping to sell it higher are out of luck. You are on the right track, although many banks do not give you unlimited spending power….they want to know what you are doing, and in real estate, this is not such a good time for this. Many home prices are dropping since no one can afford the ridiculous amounts that you types have been asking the last few years. The wise thing to do is buy when it’s cheap, but right now, buying homes for investments aren’t wise, since you pay an inflated price for them.

I live in southern Cali and right now there are so many homes by investors going for sale, since the decreased rent prices will actually cause the owners a loss on that house if they continue to rent it out. I have no sympathy for them, or you. They drive the housing prices up just so they can afford their Hummer or BMW. But what happens when the federal government increases loan rates…..this is what happens, a balancing out, and those that bought high, hoping to sell it higher are out of luck.

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