In the process of purchasing a forclosure, I need advice! Its appraised at 64,500. The realator says i can get it for 30,000. Its a two bedroom with potential to be turned into a 4 bedroom with 2.5 baths.

[Jason Franklin]

So the delima I'm facing is I have never purchased a home. So should I start buy using a fha loan, live in it for a year? Or purchase it and start getting postitive cash flow right away?