I am a school teacher and I'm worried about my future.

Hello Everyone, My name is Brian and I'm 25 years old, a recent college dropout.I was going to school to become a teacher but I just really can't see myself being happy spending the next 30+ years doing that.I've always been interested in real estate and I'm hoping to purchase my first home to rehab sometime within the next few weeks.I've worked for a residential building company briefly while going to college so I know quite a bit about that aspect of the rehab, but need to learn alot (in a short time) about so much of the other aspects of real estate investing.This looks like a great community and I'm very excited to have found it and look forward to learning as much as possible.

Well if you play the game, you know it is far easier to win if you are a janitor, teacher, truck driver, etc, than if you are the Attorney, Airline Pilot, etc.Why?

With HUD it depends on many things when purchasing.If for instance the purchase was part of the good teacher,police firefighter etc. with the discount you have to live there so many years period or you will have to repay some money.Also if your buyer bid during the owner occupant only period to get the property and will never move in that is fraudulent.Investors frequently use to do this to not wait until the investor period came.It is a crime to do this now.Some would also say they were living there to get an owner occupant loan with a lower rate.This is committing mortgage fraud.Many do things to ride the line everyday and some get burned and others do not.I wouldn't want to be on the governments radar though.So without knowing the specifics of how the transaction went down it's hard to say.If the title company says 2 years and they do a lot of HUD then I might take that at face value.I have seen HUD go out to properties before,check where mail is sent to for taxes,etc. after they were bought.

He is the best personal finance teacher out there.

There is much to learn, but like everything else, doing is the best teacher.

Bryan, the student has become the teacher.

Agreed Jon, thanks.I'm just trying to do what little I can to help my wife and I get ahead. this is our first home and right now she is finishing school and I am a school teacher, so every little bit helps. ;-)

http://www.privatelendingmadeeasy.com/products/Just adding to this thread that there's teachers etc for private borrowing.

Teachers unions allow for subpar schools and an inferior labor pool.