It goes on from there to exclude if you are renting your home.Also, the deadline is tomorrow for the recipient of the form to receive it.I'd look into this.

It might be tight financing with hard money at 70% ARV, but it could be an option, and then refinancing to hold as this will be owner occupied.Any ideas would be greatly appreciated.

Got notices for multiple city code violations and resolved them all before the deadlines.4.

D/I ratio is tight. have been paying $1145/Month and we are 1 month ahead.

Usually $1000-1500 around here on sub $100K houses.Be aware that if you pass your contingency deadlines and don't close the bank WILL keep your EM.

Another good aspect is this would be about a 2 minute drive from the interstate which is a big deal with so many people living in Bismarck/Mandan and commuting to the oil fields.I realize this is going to be a tight deal because I am financing 100% of this but with all this said, do you think this is a fesable project?

In fact supply is very tight here right now and I'm starting to kick myself for not buying a condo a could of had for $100k last year that is now $130k!

not sure when my reply was made, but my tenants (young but responsible kids) left at the end of January. they were paying $1125 and had to leave cause money was getting tight (baby and suck). i offered them to lower the rent for 6 months and then bring it back up, but they left.After some active and passive loss (updates and vacancy) that totalled ~4k, i put it with the agent on the MLS. just being vacant for one month costs me $2,250 (Realtor fee and empty month)was able to get applications immediately and signed up a family for 3 years at the rate of $1,225..increase of $100.

You want the lease and option tightly entwined here.

Mortgage scams and other lending scams are common in today’s tight credit markets.