The first class postcards will bounce and save you a lot of money from mailing a bad address from subsequent batches and you can skip-trace the bad addresses for very valuable leads.

I would like to get started house hacking but I am confused where to get started I personally like jersey city as I have been renting here for quite sometime but prices have gone really high and wonder if they can go any higher from here.i am also considering bergen county Nutley/Clifton/Rutherford/Lyndhurst but taxes are high in these areas.i also heard about tax reval happening in jc and wonder if taxes will go further north from here.assuming equal rental income in Hudson and Bergen county as well as property taxes the subsequent metric to compare would be appreciation.i would like to hear comments from experienced members here which of these areas can have higher appreciation.appreciate your input.

The lien subsequently travelled with the seller to his next property & everything else he owned.

Do it right, and you might just eventually (after a few years and subsequent purchases) accomplish your goal of $5k/month, or even exceed it. 

Eligibility Requirements for Principal Residences4155.1 4.B.2.d Exceptions to the FHA Policy Limiting the Number of Mortgages Per BorrowerThe table below describes the exception situations in which FHA does notobject to borrowers obtaining multiple FHA-insured mortgages.Note: To determine the eligibility of a borrower for one of the exceptions inthe table below, the underwriter must consider the· length of time the previous property was owned by the borrower, and· circumstances that compel the borrower to purchase another residence withan FHA-insured mortgage.Important: In all cases other than those listed below, the borrower is noteligible to acquire another FHA-insured mortgage until he/she has either· paid off the FHA-insured mortgage on the previous residence, or· terminated ownership of that residence.Policy Exception Eligibility RequirementsRelocation- A borrower may be eligible to obtain another FHA-insuredmortgage without being required to sell an existing propertycovered by an FHA-insured mortgage if the borrower is· relocating, and· establishing residency in an area outside reasonable commutingdistance from his/her current principal residence.If the borrower subsequently returns to the area where he/she ownsa property with an FHA-insured mortgage, he/she is not required tore-establish primary residency in that property in order to beeligible for another FHA-insured mortgage.Note: The relocation need not be employer-mandated to qualifyfor this exception.Continued on next pageChapter 4, Section B HUD 4155.14-B-8Increase in family size-A borrower may be eligible for another home with an FHA-insuredmortgage if the number of his/her legal dependents increases to thepoint that the present house no longer meets the family’s needs.The borrower must provide satisfactory evidence· of the increase in dependents and the property’s failure to meetfamily needs, and· that the Loan-To-Value (LTV) ratio equals 75% or less, based onthe outstanding mortgage balance and a current appraisal.

Hey Amber,This is Lamar George from Global Ras Enterprises LLC and I just ran across your post.

If you think BP is going to assist in the oversaturation and subsequent downfall of real estate profitability I think you grossly underestimate how many houses there are and how often there is transition of ownership.

Wouldn't moving out of and subsequently renting out one of the units increase the amount of overall rental income and thus be more likely to cashflow positively?

I'm struggling with whether to buy-and-hold or BRRRR cash flow out of state or FHA into a new townhome here in SD, using our first one as the first "investment" when we rent it out subsequently.

Will you do all subsequent deals together?