Teacher comes in, takes a seat, and bangs both knees pretty hard - not happy at all.

It seems to me that someone is locating a property that has potential for a rehab and a great profit, attaining the rights to the contract, and then selling the contract to a buyer who is interested in taking on the project of rehabing the home.

That said, I have become increasingly interested in taking the plunge into investing in real estate and I like the idea of potentially accomplishing a couple different goals simultaneously ("killing two birds with one stone" as they say), and perhaps Alaska is a way for me to do that.

It has to be a significant amount so that the seller can see the value in taking your offer over someone elses.FHA loans come with the seller often needing to make repairs to get the sale to go through, as well as the fact that FHA loans have a higher chance of not closing than someone using a conventional loan.

I'm interested in taking the next steps toward building a RE investment portfolio.

Contact the city or even HUD to see if they would be interested in taking title to the property.

There's power in taking the "narrow and deep" approach to investing in property.

So I am finding some houses I am interested in taking a further look at.

Your rationale will be you want to see what kinds of neighborhoods these houses are in. Take

Carmen Goss is my go to when it comes to loans for my properties and any questions (I'm sure she wishes I had less of the second)I'd be interesting in taking you up on the offer to hear how you guys analyze the loan process.