You're left with the princely profit of $17K.The first house I bought was in 1987 and we were paying 9% on a 15 year owner financed note.

My name is James Prince and I am interested in Real Estate for investing purposes.

Did you know that largest single shareholder of Fox News' parent company (behind Rupert Murdoch) is a Prince from Saudi Arabia?

On average, how many frogs(tenant applicants) do you kiss, before you find a prince(approved, qualified tenant)?

Bush was the Crown Prince of Malaprops, but he broke records for gross federal revenue and months of unbroken job growth.

Prince William County is still very low price and on the outskirsts of DC and right now have a very high appreciation rate.

I still like the approach where you buy it with private money, and then refinance it to take out the private money... rinse and repeat often.The biggest hurdle for most investors is that they just don't know how to create relationships with the right kind of banks to get that purchase money out of the property, via a refi, as quickly as possible.And for those of you who are saying that no one is lending for buy and hold...My response is...You just haven't kissed enough frogs yet to find that one prince of a lender who knows what you are doing, understands it, and will support it through loans.To read more about how to create these relationships check out the blog I posted a while back addressing the issue... http://www.biggerpockets.com/blogs/585/blog_posts/3040-mastering-the-money-game-

My name is Marvita Brown and I live in Prince George's County in the Washington D.C. metro area.

@Prince DhillonThe owner isn't required to live in any of the units with the FHA 221 loan.

Prince William County, Alexandria, Manassas,  etc.).