Purchase Price: $102,000Repairs: $20,000Asking Price: $169,000The kitchen had to to be added onto about two feet into the garage otherwise you couldn't get by the fridge to go out to the garage...

You're certainly right that you can get an FHA loan for 3.5% down (the closing costs can be added in to the loan amount).

But it could have been a real mess.You'll see if there are similar names, even if you're not in similar businesses a bad reputation of one can be confused in the public eye.I'd also suggest not using some strategy in the business name.Example; wholesale might be added in smaller print at the bottom of your business cards along with other aspects you might deal in.The public has no idea what "wholesale" means in real estate, a homeowner interested in selling may not understand and not call you.Your name is much more important in the public eye than as seen by other RE dealers, operators and investors!

Not to mention it would be adding 10 yrs back to my mortgage because its refinancing back into a new 30yr term.

I wouldn't be adding fee to the original wholesalers price.

Therefore, I would be adding to the portfolio equity in the long term while still increasing my cash flow.My only concern was using up the equity.

Need referrals for:General contractorsRE BrokersCabinet SuppliersFlooring SuppliersPaintersRE attorneysProperty Management CompaniesIf there is anyone that you think needs to be added on the list, please let us know.

It may be worth a call to see if/when they may be adding Tx.http://www.dogbitequote.com/

I would be adding income replacement insurance.

Unless, again, its just routine in your area that second floors can easily be added with no issues.If you had an engineers report before the closing that said there were issues and they have been satisfactorily repaired then I'm not seeing where you have any complaint against the seller.