If you are buying from HUD, you will be contractually obligated to occupy the home for 12 months.

We went from buying light rehabs to buying major foundation and mold issues to make numbers work until even that did not work anymore.

My understanding is Heloc since its a line of credit can be drawn anytime so say you buy the property with and the ac goes on a heloc you could use that to pay for it where the home equity has a period/ gives all the cash upfront.

I just heard a strategy of selling points instead of buying points.

But I don't think I fully understand the law surrounding this and the actual ways it should be used.As I understand it, this is what you could do with such a clause if you are buying a property and the seller is financing it to you:As an example using easy numbers, you could buy a property through seller financing for a price of $100,000.

Quote from @Alex Lee: I'm looking into buying a massive fixer upper in New Jersey.

Once that happens, the tenant is buying the property for you. 

Have you thought about your investment style-- buy and hold, fix and flip, househacking, passive investing, STR, something in between?

Whether you're diving into BRRRRs, flips, buy-and-holds, or turnkey properties, my team and I are here to ensure your success.What sets us apart?

It’s harder to BRRRR in the Tulsa area now due interest rates, you definitely have to buy at a great discount in order to be all in low enough toget all of your money out and the rents have to be high enough to still cash flow after all expenses (PITI, Mgmt, Vac’s, Rep/Maint, CapEx, HOAs, Util).Based on being “all in” $120K in order to BRRRR and still cash flow at least $300 mo:$120K cash out amount - at 7%/30 yr ($150K+ ARV)PI = $800 mo + Taxes $150 + Ins $150 = $1100mo PITIRENT would have to be at least $2000 mo- $1100 PITI- $200 mgmt (even if self mng, it’s exp for time)- $200 vacancies- $200 Rep/Maint & CapEx= $300 mo cash flow.