Not really a valid approach unless you're doing it with a very very significant other or a friend you trust your life with.With regards to the second idea, I believe you'd have to refinance out of the FHA loan in order to do this, which more than likely would require money out of pocket to get the new financing to a 80% LTV unless you've added significant value to the property.

I so look forward to connecting with others in the real estate community to learn and share.By getting into real estate investments, I know that I will not only make a better and more fulfilling life for myself and my family, but I will also be a role model and possibly have a positive impact on the neighborhoods that I grew up in (war zones-we'll see).Right now I am so excited, maybe too excited, to jump right in.

Fair housing laws state:If you or someone associated with you:Have a physical or mental disability (including hearing, mobility and visual impairments, chronic alcoholism, chronic mental illness, AIDS, AIDS Related Complex and mental retardation) that substantially limits one or more major life activitiesHave a record of such a disability orAre regarded as having such a disabilityyour landlord may not:Refuse to let you make reasonable modifications to your dwelling or common use areas, at your expense, if necessary for the disabled person to use the housing.

Hope that makes life easier for everyone. :)

Buying on terms/ controlling properties: - Sub2 - Sub2 and Land Trust - Wrap - AITD - Lease Purchase (you must buy later) - Lease Option (you dont have to buy later) - Master Lease - Master Lease with Option - Contract for Deed - Installment Sale - Private First Mortgage on Free and Clear Properties - FROR - First Right of Refusal - Land Trust and Selling the Beneficial Interest to the Home Buyer - Buying Property but giving a Life Estate to Occupant There are more of these types.

Some people just make a bad decision once in their life and then they are labeled and treated like they will forever be the scum of the earth.Just do a search for a list of felonies:Issuing a false certificate 175.40Sports bribe receiving 180.45Tampering with a sports contest in the first degree 180.51Rent gouging in the first degree 180.57Unlawful possession of a skimmer device in the first degree 190.86Promoting gambling in the first degree 225.10Possession of gambling records in the first degree 225.20Gaming fraud in the first degree 225.60Possession of unlawful gaming property in the second degree 225.75Use of unlawful gaming property 225.85Obscenity in the second degree 235.06Eavesdropping 250.05

When I'm not working, I love to be out on the water in the summer, fishing, boating and enjoying life.

My goals are to simply buy property, both Multi-Family Units and SFR's, and create a passive income stream to help me with my goals of going back to school and creating something bigger with my life.

The best loan would be a 20-30 yr ARM, 80-85% LTV, with an annual/life increase limit of 2%/6% (I've seen 2%/5% as well, but much less common).

This makes my life a little easier when it comes to dealing with the tenants.