Knowing that, most realtors list the property below market value trying to quickly get an offer to at least get something in front of the bank and get the ball rolling.

However, I believe the contract stated (if I remember correctly) that the BUYER would pay all closing costs, which of course FHA has costs the owner has to pay, and there isn't room to roll the costs in, so hopefully the buyers are prepared to pay the closing costs.

I havent seen this yet in my area so I want to ask my expert colleagues about how this will go down if I purchase this property.

My agent sent me an existing rental property.

I searched the CAD for info and found Fa...

Once the form and contract docs are turned in, funding generally takes 1-3 days.So, in terms of time frames, expect 1-4 weeks to get the new account set up and the funds rolled over.

For years I have read about real estate investing but never had the funds to get the ball rolling.

How about you come to St Louis and we get this project rolling!

Their are also restrictions on how much of your closing costs can be rolled into the loan.

I have been leveraging in with silver eagle rolls the past few months.

Even if you could make a case that the property was purchased as a rental in 2011, the work done on the property and holding costs would have to be rolled up into the property's basis.

I had looked into a HUD home a while back to buy as OO and had the option to get the required rehab money rolled into the loan (FHA).