We initially tried to demonstrate otherwise and re-submitted copies of the lease, a letter from our council and a letter from a City by-law officer attesting that the property was *not* a rooming house.

Youtube is great...but it has to be a good video.

Has she submitted recent financial statements to you?

Good evening,So after reading, blogging and watching videos, I have learned I could go for a FHA loan, get the property, live there and rent out the rooms and live rent free.

Be aware, the bank will be wanting something close to FMV, less any MAJOR repairs needed, which you should submit a GC estimate for with your offer.

Definitely look into the 1-4 unit financing as I think that will be your best bet as a new investor.This video may be helpful when evaluating deals as well

A second advantage to Dropbox is that it has a cool feature that enable all the photo's (and video I think) taken by my smartphone to be immediately uploaded to my Dropbox folder.

If you are wholesaling it, you should be viewed as a buyer who will be submitting an offer, regardless of the fact that you are going to flip it to another investor to rehab it.

The man that we met with owns 5 rental houses and understands the real estate world along with the financing world.In addition to this contact, we are also pursuing other credit unions for a similar loan programs to evaluate.Building Permit UpdateWe have submitted our permit needed to do our plumbing and electrical work along with the final checks before closing up the walls.

Visit the property first, take pictures or better yet, get a video of the exterior and interior BEFORE you approach an investor.5.