The proformas are utter nonsense because they know the product is no longer a viable investment.

Last August a decent pre-foreclosure opportunity came available on the MLS and my agent took us to see the home and submitted two offers below asking that were too low for the seller at the time.Apparently the seller was able to avoid foreclosure and the home delisted after it didn’t sale.

With down payments as low as 5-10%, plus low property taxes compared to the U.S., investing in German real estate is more accessible than you might think.If you’ve ever thought about owning property overseas but felt intimidated, stay tuned.

Quote from @Patricia Steiner: There are several lenders who offer low/no closing cost options for first time homebuyers.

Coffered ceilings, low corner additions etc.Anyone can slap lipstick on a pig, looking for high value add in high demand markets is where the $ is.

I cannot assist w/ the acquisition of the property but do have an FHA product that is specific for home improvements.

I imagine cost of labor might be a little bit cheaper in Idaho compared to Connecticut as we ended up paying 10k for gas furnace and 5k for AC with 10 yr warranty for Lennox product.  

No reserves, Income may be good, credit on the low side and NO Equity in the home.  

*Appreciation in Home Values – Home values in the Phoenix housing market have steadily appreciated making it a prime market for investors looking to buy low, fix up, and sell high.Finding the Right PropertyFinding the right property is key to succeeding in fix-and-flip investments.

I think this is a calculation a lot of homeowners are making right now--especially if they have a low interest mortgage, equity, and their house will cashflow as a rental.The choice is a personal one of course, but I think your future self will thank you if you pull out some equity from your existing home with a HELOC for the downpayment on the next house and a cushion renting your current home, use a property manager as you have other things to do, and buy the next house and do the same thing again.