New recruit here.

Happy to be a part of this community.  We are hoping to make our first purchase within the next 6 months. 

In this case, the FHA would not approve the loan, serving as a good check on prices.However, with the new 5% down Fannie Mae loan, this check and balance is no longer in place.

(DM if you're a HML in the York PA area and may be interested) I'm not aware of any other viable forms of financing for this situation but I'm open to new ideas. 

For example contractor qoutes you 30k for renovations with a deposit of 10k.

Analysts predicted about 160k new jobs, so it's still slightly off compared to experts' best guesses.

We set up our infrastructure and are very organize and thorough, and through the year we made some significant progress and went on a learning phase to get better each day and closer to our first deal.As foreign investors we have to rely on hard money which gives a less edge, and face uncertainty with contractors not knowing real pricing and such.We are constantly on the look out for new investment opportunities.The problems we are facing right now is not knowing good contractors and the high competition on the MLS.We just started learning more about off market properties and sending direct mail.We would like to hear from your experience what should our next step be as newbie investors, and if there are some foreign investors here with tips.Thank you so much guys, best of luck to all! 

The tenants must have a strong application and a landlord reference with the cat, pay a larger deposit and higher rent, and they are inspected more often.Nothing will stop the odor.

Consequently, the house could not be made ready for the new tenants and after a big scramble, we managed to save the new tenants but lost 3 weeks of rent. 

So if this new home goes up in value you are creating a tax bill you wouldn’t have if it was a primary home first instead of a rental.