Hey BP,I've done some google searches and searches on the forum but still couldn't find the answer.Example:Total Loan Value: $200kMortgage Left to Pay: $100kAppraised Value of House: $300kSo this means I have paid off...

Who can direct me to someone who is familiar with this concept and also lead me to education on this topic?

@Aaron Klatt hmmm okay so with the fha203k it’s the same concept I’m just able to rehab the property ?

I wish I had adopted its concepts when I was 19.

@Edward B.

Continue working my reg 9-5 now while I finalize concept and shop for some used equipment4.

This is kind of an obscure concept:"foreclosure" refers to the reason why a property is up for sale (somebody didn't fulfill a financial obligation).

Once they're all leased up and the property is operating at a profit, I'd go to a bank and say, "Look, it's a viable concept, we completed phase 1 without screwing anything up, units are all leased and generating profits, and we have a waiting list for phase 2 and 3 units.

I'm not familiar with that concept but sounds like something I should learn about.

As I look to grow and purchase more properties I plan to bring on investors and wanted to better understand the concept so that I may better explain how to do it and how it works to potential investors as a source for them to draw from.