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.

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.

My plan is to sell my primary home in New York and purchase a house to live in South Carolina.

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

Hello, I’m looking for some information on Investors that might be interested in purchasing a mobile home.

I have recently started writing down addresses of run down or abandoned properties that I would like to purchase, but I only have the owner's name.

FHA loans require living in the home as your primary residence for 1 year after purchase.

So pretty good equity position within a year plus cash flowing well based on a $325k purchase price.

The latest red flag is his belief he purchased a "fully renovated" property in Philadelphia for $115K.

This allows you to purchase a place at 5% down and renovate as you need to.