here's the GOLDEN RULE for real estate investing:if you're buying at market value - you're not investing and you're not an investor.

In brief, it's in Atlanta (Old Fourth Ward) and the asking price is $230K OBO.

We have rules here for a reason.

Give each a key or standing rules about doing repairs and then provide your phone, email, etc.

You may, however, wish to consult with the Department of Housing and Urban Development to determine their rules regarding real estate sales and the arranging of FHA loans.

My personal rule of thumb is that unless I working in the yard or doing projects, I always try to dress at a level that I could "walk into church and not be embarrassed" (my gramma's old saying :lol: ) It shows as much respect FOR the person with whom you are are meeting as it does that you yourself are a serious, competent professional.

Are they subject to the bank rules or US law?

But, to get things started, a general rule of thumb that many investors use for flipping properties, which is what I'm assuming you plan to do from your post, is to only have 65% invested in the ARV of the property.

t=3626Make sure you read the rules first and get involved before you post.

On my fourth one in two months and now need to refinance to take out the hard money.