This looked like a right category for it...I have to get this out of my system…I am a married woman (27) with two young children (6 and 2).I like all this real estate industry, starting from interior and landscape design finishing with rehabbing...Couple years ago we had extremely bad job transition (my husband retired from US Army, and it turned out that many years of management experience are not valuable to anyone, so he had tough time finding a job.

Can anyone out their share their wisdom with me concerning this?

However, this experience has left me with a bitter taste in my mouth, concerning the ethics of YOUR AGENT, and by extension, YOURSELF AND YOUR AGENCY.I intend to make sure that in the coming months and years that I tell EVERYONE I meet in the (your city) area how UNETHICALLY I feel I was treated in this regard.

I have a tool in the upper right corner on my blog that will take you directly to the HUD site for your state , then I would suggest going in and reading the broker manual and the forms for buying a HUD home in your state, many states list the home for 10 days as owner occ, then on the 11th day it can be bid on by "all purchasers" which would be you as an investor.I have never heard of hard money lenders looking at your own home, they are typically concerned with the home that you are buying.

One of my concerns is the new contruction that is everywhere.

Also I am located in southeast Michigan and would really like to hear from others in the area and see how you are doing with the extremly slow market we seem to be experiencing.Thanks.

many mortgage bankers follow specific guidelines in order to sell their notes, like right away.if you decide to use Hard Money - you'll have much more flexibility in terms of being able to put less down, invest in different types of properties and present your investment strategy, rather than just the property itself.what i'm saying here is, if you buy a house and use Wells Fargo - they're not going to be concerned with something like the ARV (after repair value), whereas a HML might loan you money based on that - which grealy enhances your investment options.i know that doesn't make sense right now, but with a little research - you can come to understand the old saying:there's more than one way to skin a cat...being new, just be very cautious what you get yourself involved with.

ARV of 50K; so the loan size is not really a concern.

Your age is the least of your concerns.

purchases are $5-10K a house with price (rehab and purch costs) around 10-15K After we rehab them, we want to sell on land contracts for a contract value of 35-45K couple questions: 1. can this transaction qualify for tax credit 2. what should I be concerned with IF tenant flakes on contract, and I sell the cashflow to note type buyer?