most hard money loans are interest only, and most I deal in are 6 months, interest paid monthly.they will loan me 70% of the after repaired value of he home,,,so if its a home that will be worth $100k when I'm finished, and I'm paying $65, and it will cost $10k to rehab,,then they will bring $70k to closing, I will pay closing cost plus the other $5k ($65k+$10k),,they will then escrow the rehab money.You will also have your signature on the loan, and they want you to have decent credit

Lastly, remember you only get 1 FHA bullet.

The Govt is not running it remember, hedge funds are, the Govt is a passive partner - RTC style.If you give me an MSA I can look up how many homes are in it.

Remember that "not selling a property" is in many ways the same as deciding to "buy the property".I know this is an imperfect analogy due to sellling costs and tax issues, but the point is that you should evaluate every investment you own continually, considering its current market value and yield, and ask yourself if you'd purchase this asset at its current market value.

Jeff, always remember, the bank doesn't set the listing price, a realtor does.

If I remember right, it was about a 15% Down Payment for Single family, 20% for Duplex, and 25% for Tri or Quad.Only certain houses would qualify for the rehab loans but those would really be the only reason to go Homepath, to be able to finance in repair costs.

However, I believe the contract stated (if I remember correctly) that the BUYER would pay all closing costs, which of course FHA has costs the owner has to pay, and there isn't room to roll the costs in, so hopefully the buyers are prepared to pay the closing costs.

I also read a really fantastic article about it (i wish I could remember were) that really opened my eyes.

For some reason the tenant never remembers to put the trash bin in the back yard after pickup day, but I just add the fine to tenants account and he always pays.

Remember, the market will trough a few times, wiping people out each time it drops after a trough, when no one is interested in RE, when there is only 1 buy at the Trustee sale.... the market will have hit bottom.