Avoid PMI and then go to a local credit union and get a heloc after closing to gift the money back.Have this as a tool in your tool belt but pursue use of the 3.5% FHA, knowing that you will be at a competitive disadvantage if you are competing with non FHA buyers, then you can call in the favor from your gift person.Just know that if someone gifts you down payment money, your bank will require them to sign a letter stating that it is in fact a gift that doesn’t need to be paid back.

A purchase of $209k, $15k rehab, and ARV of $240k doesn't get you any thing back after you factor in all of the closing costs to purchase and to refinance.

In the city, closed sales were up 12.6%.

Account for all costs, including closing fees, holding costs, and repairs.

Congrats on closing on your home and having equity right away—that’s a solid start!

If you swing for the fences, don't be surprised if you strike out.

The land itself ran us about 3600/ acre, (480,000) and approximately another 20,000 in closing costs.

Right after I closed on that one the insurance company demanded I make a couple thousand dollars of repairs.

This specific deal was a close friend's apartment that he was renting.

My company offers fast-closing, no credit/bad credit loan packages in 44 states and referrals in the other 6.