Last second found out the Property tax estimate they used was wrong.  

@Li Kia what's wrong with everything there now? 

Best to add a risk contingency and be wrong later than assume you don’t need one.

I do have another property with some equity if needed in a pinch where something went wrong but I dont want to cash out refi that property yet as rates havent went down and it has a 5.6% fixed rate.

I do have another property with some equity if needed in a pinch where something went wrong but I dont want to cash out refi that property yet as rates havent went down and it has a 5.6% fixed rate.

Like with any RE investment a thousand things could go wrong.

Notice I didn't agree with what he said, Russell... nor did I say you were wrong.

However, if you move too fast you could get into the wrong property, or area, or not take into account certain expenses, or get a terrible tenant and you may say this real estate thing is a huge headache and not worth the hassle and you may not pursue it with as much vigor going forward, or worse throw in the towel altogether.

I tried using this sites "Find a Lender" form, but it stopped me from moving fwd once I didn't meet the 20% down criteria.Scenario: Bank Owned property at auctionSales price/offer/bid: $270kRehab: $85kARV: $500kAm I barking up the wrong tree going down this path?

I’m thinking about doing this because I believe the following is possible (someone correct me if I’m wrong)1.