The commitment letter had the following language;Transfers/Assumability: Subject to Lender’s then-current underwriting requirements and compliance with the other requirements of the loan documents, the Loan is assumable by a qualified transferee of the Property for a fee of 1.00000%of the unpaid principal balance of the Loan at the time of such a transfer (a “Consented Transfer”).My question relates to the terms of the loan and savings to the buyer.

I see folks get into crazy deals not knowing what things will cost, so good on you for having that skill set and being able to fix everything!

I specialize in basement egress window installation but I am just as skilled in whole house remodeling. 

Entrepreneur or just doesn’t make enough to qualify...or too much debt.

I'm not sure how the 1031 works, but will I even qualify for it?

What skills for you have?

I didn't account for property management, as I'm fairly confident in my organizational skills, free time and availability that I can handle that at least for a small, first unit.

Everything I am doing though I am learning new skills and I can apply them moving forward.

Or, a duplex or triplex if you can't qualify for the price of a four-unit property.And yes, you want a 203K loan because you want the (bargain) discount that you should be getting with any fixer-upper. ie.

I feel that my skill set could benefit my real estate business.I found BP on YouTube while searching “real estate for beginners” videos and I’m hooked!