Its in a good neighborhood, and its a good looking house.

It's only about 10 minutes from where I live.The advertising we are hoping to get at a discount because my father works at the local newspaper.

One I had looked at the exterior of several months ago is now 3000 less, and the neighborhood would be okay--but it's still much more than what I would want to pay for it.

in the last few years, the number of rentals has skyrocketed there, and the OO's realized that a lot of people with no vested interest in the property don't take care of the neighborhood, and don't participate in the community.davebt, i know a lot of people made a lot of money on interest only loans and price speculation.

Comps that I viewed in the same area listed for 130K and in my opinion, in worse condition in a worse neighborhood with worse location.

"Our lenders must engage in loss mitigation efforts to help people stay in their homes, help to stabilize neighborhoods and prevent losses to FHA's Insurance Fund."

I was looking at a property in a very desireable neighborhood in my town, I can get the house for 60k and the owner will hold 50k of the mortgage, there is however around 35k of work that needs to be done in the home--when done the home should apraise at around 150---here is my dilema, this can be a good flip, however this area is rapidly apreciating and I can get around 800 a month positive cash flow by renting---how can I get a loan for the down payment/closing and repairs?

.: 1,311 Building Depth: 38.00ft Neighborhood Type: Residential Construction Type: Frame Do you think this would be a good deal?

It was called the Community Access Mortgage (CAM) that focused on neighborhoods whose house values did not exceed $65K.

Starting out, many managers/landlords want to talk, talk, talk about all the great features of the property, how great the neighborhood is, and how much they know.