All Forum Posts by: Marcos Paulo Cerra

If you are going to be held responsible for the bill, I would first try to get on a payment plan with the company to pay off that balance. I would imagine that once you set up a payment plan with them, they will turn on the water for the plumbers to do what they need to do.

Not sure on the regulations on this but Id also see taking the tenant to court for the balance due on the water bill.

Best of luck!

Best of luck on your rehab! Definitely let us know how everything goes. 

@Charles A Munk

This is great! Congratulations!!

@Derrick Hines

It depends on the purchase price of a property. FHA's allow a minimal 3.5% downpayment plus any closing cost or points charged. You might also want to check that your DTI ratio, employment history, and credit score meet the requirements of an FHA loan.

@Brandon Spurlock

Congratulations man! The house looks great! (even if the pictures are sideways :p )

@Daniel Lewis

Look into LendingOne, they might be able to help you out. 

@Daniel Lewis Have you looked into getting a conventional loan with a 3% downpayment?

@Daniel Lewis

Congratulations man! This is awesome. Hope everything works out!!

As some have said and more would probably recommend. I really wouldn't touch a 401k early. The fee/ penalties that come with it, make it not worth it. In my opinion.

Hey @Ken Deterville

Welcome to BP! There are many great resources here to help you gain more knowledge in REI. Best of luck!