It's worth noting that while the VA allows for a loan assumption, you'll need to qualify based on your single income (adjusted for any child support or new debts since the original purchase).

Double check that before purchasing a property. 3) FHA 203k loans would obviously be ideal in a vacuum to factor in renovation costs into loan to decrease your out of pocket expenses.

Hello,I purchased a 5Br/4.5BA townhome in the Windsor at Westside community in Kissimmee, FL last year.

For the first loan the bank has to take the "Niederstwertprinzip" in account, that means, even if you buy at a huge discount, the bank can not appraise the property higher than your purchase price for that loan.

Why do you think purchase contracts are so long and have such small print?

@Blake Yarbrough If you can structure the deal where you get the 80% financing with good terms and rate in place and it is a good deal meaning under contract with good terms, purchase price under market value and also being the asset and property manager.

Alternatively, you could reimburse the account shortage now and ask for an escrow re-analysis based on the new tax/insurance annual payments.Check your closing disclosure from when you purchased.

Purchase price: $55,000 Cash invested: $100,000 Sale price: $820,000 Fix & Flip in prime marine park in Brooklyn, one family 3bd duplex just off the park. got this deal as REO, since houses in this area are selling as is, we did just minor renovation.

The primary calculation is based on X% of purchase price (depending on lender policy and borrower credit/experience) + 100% of rehab (normally).

I'm a US citizen who lives in Mexico City, and I'm considering purchasing a property in Mexico City.