I wouldn't consider buying real estate if I didn't have $160K cash in hand.

If you can't identify why an investor would want to buy it - you'll likely have a hard time moving it

In some cases, federal tax credits like those for low-income housing or economic development might also apply if the project aligns with certain goals.Instead of buying the land outright, developers often lease it from the tribe, which can reduce upfront costs and sometimes come with favorable lease terms.

BiggerPockets also has a calculator to analyze deals, and I highly recommend you start this as soon as possible, even if you are not ready to buy.

BiggerPockets also has a calculator to analyze deals, and I highly recommend you start this as soon as possible, even if you are not ready to buy.

Buy: $284,900Rehab: $115,000Holding: $16,500 Points: $3,413 Selling fee: $30,000Insurance hold: $2,000-$2,500 (maybe get back $1,000-$1500 if you close quick)Other title/escrow purchase: $2,500ARV: $500,000Profit: $46,587 (9.25% approx) I would do the deal, especially if you get that gap for rehab closed 3-4 months and tighten up the rehab costs too ($100,000)   

If you are buying from HUD, you will be contractually obligated to occupy the home for 12 months.

Investment Info:Single-family residence buy & hold investment.

Do you need to sell it in order to buy something else? 

Need to buy all again.Had stocked packed linen closet but not anymore..need to stock again.