Anastasia That’s a great deal for land, especially in residential areas.

As everyone else has said, a refinance would be a great option if you can make it work! 

Quote from @Brad Roche: The other thing that is great for the FHA 203K loan (not sure about the Homestyle loan) is that you can kick the payments out to 6 months of ownership (so close today and make your first payment July 12th 2025) if you are fixing up the home.

Hi Grace, it's great to hear about your interest in real estate and your goal to achieve financial freedom.

The biggest question I would ask is how well they know the area such as neighborhoods and do they have connections to building a CORE 4 such as great contractors, property managers, attorneys, etc

Do you know of any good websites where I can post my deals?

BUT - - man I saw all the new developments and I figured "ok, we're overbuilt....great".      

I wrote the above for informational purposes.

It would cost me only $2300 per month which includes rent utilities furnishing and property management. she showed me one example only of a customer who profited greatly.

That’s a great perspective Adeola!