Peer st is broke and gone client is broke and gone..

I have a client closing on a $2M+ waterfront property in a golf cart friendly community. 

@Bruce Ng- thanks  1) are you planning to pay the seller the difference between the purchase price and the FHA loan amt ? 

They essentially want me to set everything up and pay the upfront costs, then they will transfer everything into their name and pay the ongoing fees throughout the lease.

I have been looking up a lot of properties in Northern Salt Lake County and Southern Davis County for a good move in and rent out other property and also a trailer to pay cash for to save money for down payment on a second place and etc.

I've been listening to the podcast for a while and always found it very helpful both in my personal investing as well as helping my clients invest.

Sure you can go to higher loan to value but you will pay more in fees and have a higher rate for a relatively small amount of money.

Now I rarely drop below the bank minimums even after paying my largest bills each month. 

I have a $20,000 debt to the IRS, which I am paying off at $381 per month due to high taxes declared two years in a row to qualify for a mortgage.My goal is to build a portfolio of properties that pay for themselves.

Also, I want to have an additional income stream to my pay.