I'm scared to purchase a second home but we have the funds to do so Do it!

@Grace Solano , congratulations on your purchase in Queen Creek, AZ.

I just purchased my first duplex (only SFHs in my portfolio so far) and it doesn't have the gas/water split.

Step 1: Get preapproved for an FHA loan for the purchase price you are looking for.Step 2: Connect with builders until you find a few that will finance the construction of your home. 

Even better, I might be able to snag it well under market value since it's an estate sale that's been sitting on the market for nearly 200 days.Here’s the challenge: while I could afford to purchase the property under market value, I’d be stretching my budget thin to cover the mortgage during the period I’d be remodeling the basement to make it rentable.

. $220,000 is definitely a lower purchase price amount and really limits you on what you can buy.

Hi Troy congrats on your purchase, which it seems you purchased at a forelcousre auction.

Purchase price: $75,000 Cash invested: $10,000 Sale price: $120,000 This is a 2 bedroom 1 bathroom single family detached house is South Georgia.

It's only dead if you are spending too much on your purchase.  

Thank you so much for taking the time to respond.Here’s where I’m at in my journey:I don’t plan to rush into purchasing my first property.