The new mini mart owner is a dream to work with, and he has turned around the quality of traffic by operating above the board.Hope that helps!

Something that is 50%-60% of the ARV price and rehabs are about another 15%-20%.Some will say I am day dreaming, but thought I would ask anyway.

I'm trying to transition out of teaching to become a full time real estate investor to pursue my own dreams and continue to help others. 

They have ridiculous terms, charge ridiculous interest rates & ridiculous points & all kinds of other ridiculous things that they dream up.  

In a sense it was to be our dream property at a sweet deal price lol.

You have to think like a farmer and create Seasonal and Monthly Cash Flow and almost forget about the dream of eventually realizing that long term gain in those rentals.

Kris  - You are a bankers dream for financing rent houses.  

Hi @Eric A.I would say you should keep renting for now an invest youre capital where youre money would have the most return maybe in a few years when there is a market correction buy youre dream home with a fha low down payment.

I am an investor looking to move investing into Real Estate in Amarillo TX  I am interested in buy and hold and flipping  

LENDERS won't count your 1st property's mortgage against your income if you have a signed written lease and 6 months verified tenant paid rents.DON'T BUY YOUR dream home now, buy the most rent-able  property: a minimum.                    3 BR 2 BA SINGLE FAMILY HOME ,  bigger if you can afford and a garage is a huge plus.