FHA Program Offers Purchase, Renovation Aid The Federal Housing Administration is encouraging use of its little-known 203(k) loan program.

The administration refuses to release data on the "success" of the program, but is telling congress it needs more funding.

My original post was about a specific positive change that has occurred since the last administration.

Since banks are accustomed to paying 5% commission, realistically they don't care if that 5% is going to an agent or non-agent, just make sure when you put in your offer that it's included on the HUD-1 properly -- because if you don't, then it will be a pain for escrow to pay it out the way you planned.

Buying a second one is a great concept, but being a landlord can be a real pain in the A$$ sometimes.

I'm sure this is a pain especially once the house is done and just sitting there.

The fed and the administration are artificially inflating equities and prolonging economic pain through fiscal and monetary stimulus.

That limits the pain should I get a tenant like yours who actually follows the lease to the letter (ha ha, that'll be the day).Good luck and keep us posted on the situation.

postversion=2009082509One of the smartest things that Obama has done during his turbulent administration, IMHO.

Be positive, If you make your goals not outrageous you will get really comfortable doing this and it will become challenging instead of being a pain. 11.