You need to have some reserves for repairs vacancies etc.If you are not able to obtain long term financing from the owner I would be fearful that in 6 months you may be unable to get your new loan. also, consider that if you go to get a new loan you will have closing costs that will require cash unless the owner is willing to pay your closing costs as well.You need to get concrete numbers and start putting them together in plan. sounds like you are in the beginning stages of planning. please make sure you have a solid plan with realistic numbers that work before committing to this property.I hope this helps.

So once the 1003 is loaded in, and the response comes out, that is a "Conditional Commitment" or sometimes refereed to as a "Stip List".

But they are strong in marketing, education, professional group.

We want to buy a house in Bucksport Maine and are looking for a buyer or lender and let us show you we are committed to our future.

You also want a "box" stair(no bullnose).As far as installation, they are easy to install if installer has experience, an eye for detail, and good strong hands.

"i would tell investors that because i am so young, i have so much energy, so much time, no other commitments, that will keep me from working on this investment.

If you're buyer is very strong, you can also see if he can find a lender that will allow for a seller carry back on a second mortgage.

No, its because it shows the ability to commit to something, to take it seriously.

I strongly advise against moving a home on your first deal.

Most of those areas are closer to downtown but still can make mighty fine rentals if you have a strong gut for the tenants there.