Opinion: Millennials are about to kick-start a home-buying boomhttp://www.marketwatch.com/story/millennials-are-a...

A long time ago, @Marie Fleming, over the course of many months, I had one broker call me often with one hard luck story after another about potential borrowers he wanted us to loan to.

@Reuben Harris I believe that we all have a story similar to this somewhere along the way where we were burned.

If units are selling for $480-$490K and you are buying at $400K that is a different story than $478K.2) Make sure that the seller can also deliver the property vacant if you are going to be purchasing as an owner occupant (unless you can cover the down payment and want to take the property as an investment instead of OO).3) Everyone has their own opinion on HOA's.

Long story short I had a very hard time finding a stable job that could barely cover what my bills were.

I'll discuss what my strategy is for the house, and then we'll all discuss our "Haves and Wants", success and failure stories, past and present deals, vendor referrals, strategies for 2016, the current state of the rental and sales markets, and more.

I think dealing with one bank could be risky - that is the Dave Ramsey story.  

I think you often hear about people doing deals with no money out of pocket, but it's not realistic, and most of those stories don't contain the back stories of who actually financed their "no money down" deal - uncle, mom and dad, or the seller of the property that didn't know any better.  

There was a story about it in The Star a few days ago: http://www.indystar.com/story/news/2015/12/14/indy...I think there is a great deal of potential for it to be good, but I'm not overly confident in the follow through.

Long story short, My Dad and I worked on the project in the evenings and weekends to add sweat equity, I lived there for 3 years and rented a room out for 2 of those years and sold it for a net 70k profit!