To summarize, WSHFC is a non-profit dedicated to helping every Washingtonian own their own home, and this program allows us to take out a loan with 3% down, then get 4% down payment assistance so the cash required to close is super-minimal (as little as $6,000 in some cases, depends on the purchase price of the property though).This strategy works really well when you can combine it with house hacking.

But, that has nothing to do with legality...that has to do with a deed restriction enforced by the attorneys closing the deal.Now, for any REO contract that doesn't specifically include a deed restriction on the resale, there is no law being broken by purchasing and reselling the property, even when it's done at the same closing table.Now, let's summarize...You claimed it was "illegal" to wholesale REOs.

Showed a couple of youtube videos summarizing rich dad poor dad, then had the kids play the cashflow classic game online.

The output was instant in the form of a PDF which was pretty simple to follow and enter into TurboTax in the depreciation section associated with your rental.So to summarize, I was pleased with the quality of service and the cost segregation tool/report.

You closed in December, meaning your first mortgage payment was probably due Feb 1, but it probably hasn't reported to your credit yet.So, to summarize:- You are now several hundred thousand dollars in new debt.- If you're a first time buyer, your credit history probably has zero track record of managing hundreds of thousands of dollars of debt.- You have zero on time payment history on that debt.

@Russ Mooneyhan, to answer your question, and summarize a lot of the responses below: No, there is no specific tactic that people use.  

To summarize, I'd digest all the information, study the data and then access probabilities to each possible scenario, viewing it from the lens of your own beliefs.  

Summarize every conversation that isn't in writing and have dates.  

@Chris K.Okay, summarize that in simpler terms lol - should I do rent credits?

But that said, I think Keith does provide some really good information and conducts interviews that are worth listening to, so please look past the rest.His views are summarized at https://www.getricheducation.com/why-home-equity-is-an-awful-investment/.