. - Single family homes to rehab and hold or to fix & flip- Loan is in your name not your LLC- Rates between 5% and 6% depending on credit score- 30 year term loan, fixed rate, no pre payment penalty if sold or paid off anytime- Example buy at 100,000 and add 50,000 for rehab = 150,000 means 15% down payment or 22,500- So the buy is financed at 85% and so is the rehab if you look at it that way- House will be appraised off a contractors write up of the work to be done and must appraise out ARV to at least the 150,000 to make sense at all; if not loan is not approved so a buyer cannot get into trouble in that sense with lender oversight- all work must be done by licensed trades people, not the own themselvesIf this sounds plausible I'm happy to answer questions.

All:I've recently passed my 15th anniversary of buying my first investment property and have been reflecting on what I've done right and wrong in those years.

Going to start out by buying and holding for now. 

My guess is no one will question you when you buy a note.

Maggie,If your husband is going to use it occasionally I would buy it as a second home so you only need to put 10% down.

To answer your question directly - yes, never buy a property that neither you nor someone you trust has seen in person.  

Plenty of people just move out of their homes after 1-2 years and buy another property. 

Any input would be greatly appreciated. there's a lot of ways like petitioning, confidential sale price, buying other assets to offset and depreciating them in year one, etc. but the main way I would do it is to invest in ground up developments with tax abatements which pushes even higher cash flow and then to keep them as retained earnings or in a non taxable structure depending on your equity position.

Hi all,We own a part of a single-family home rental property and are considering buying out the other owners.

what do you think on buying foreclosed homes or single families for investments near the Scranton area.