Back Story:   I purchased a very nice Duplex 10 years ago.

@Evan ManshipI totally agree that success comes to those who work hard, and your story sounds like an excellent example of the same.

Caleb, single story house?

For 3+ families it'd also be good to make sure they have a current green card (issued by the state of New Jersey sort of like a certificate of occupancy renewed every 5 years indicating that the building passes whatever requirements the state imposes). 3 story buildings with 3 units need to have a fire escape, exit signs, self-closing doors, etc.

Long story short, the appraisal was just a drive-by and came back at 255k.  

Great story!

Second, call the person who filed to get the real story.

Here are the details:Purchase price: $155,000Rehab costs: $38,732Holding costs: $5,017Closing costs: $7,923Realtor fees: $13,750Sale price: $275,000Profit: $54,578So, that’s the story of my first flip.

I also have a love of travel in general and have been all over the world so I love to share and hear stories about this as well.

Hello all,I am a 25 year old from New England who always had a passion for fixing up real estate.I went to a trade school and my father owns a construction company.A few years ago i was involved in a bad accident.To make a long story short i will be accepting a check for $250k in the coming weeks.I would love to get a loan for a rental property and can put a down payment down of 20%.My problem is i cant work in my old field and therefore am not working at this moment.My credit is around 600 right now but i have a few credit cards that are maxed out but in good standing.I plan to pay those  off and expect my credit to rise to over a 640( i lived on those for the past fear years because i was injured)My question-Anyway i cant get approved for a 200k and under mortage with that kinda cash in the bank and credit score?