Upon entering the dilapidated shell-of-a-home that needs to be gutted and cleared of debris, I find 30 year old insulation covering the floor of each room, warped floors, no ceiling, a leaking roof, a destroyed kitchen and an owner attempting shop his home for the highest bidder to hopefully get ARV for his hunk of junk.What I'm finding is a common theme since full blocks are being bought out and the natives being forced out to make way for hipsters, swanky little coffee shops, and inflated real estate prices.

I have one break even business a homebrew/wine making shop which has led to my second business- a fairly successful brewery.

If you dont have a scenario that pertains to any of these 4 then you'll need to refinance out your current FHA loan subject to qualifying for a conventional loan (credit, income, assets/value, etc) in order to be eligible for FHA financing again with low money down and red hot smokin letter of explanation.Hope that helps (above - this is why shopping for .125% in rate can cost you major opportunity cost)

I'm planning to write a blog post about it shortly showing how to 'create' an investment in a market that is otherwise hard to find cash flow in.Not sure where to go from here - did you want to maybe meet for a coffee?

Best of luck to you, but my advise is to keep shopping.

Properties will be close to a highway, public transportation, retail/shopping, and large employment centers.

My business partner and I attended a "guru" training- which opening up my brain to a lot of great ideas- and now it's time to put in the footwork.I'm very interested in meeting up with those who have been there done that and have knowledge to share.So if you're in the Seattle area let me buy you a coffee and pick your brain :)Natalie

Hello,My name is Simon and I study Electrical and Mechanical Engineering at the University of Edinburgh, I am really interested in RE ; therefore I am looking for a mentor in Edinburgh or generally in the UK.In return, I can buy you a cup of coffee, become your mortgage broker ( I am studying towards my licence now), or just to make you a diet plan or a gym plan, because I also have some success in fitness industry.If you want to know more about me just give me a comment or send an email. [email protected] you very much and have a nice day .Yours,Simon Ambroz

Now that area is full of new housing developments, shopping, and dining and the real estate values have skyrocketed. 

Would love to meet for lunch or coffee sometime.