Upon looking at the online deed records, I discovered she only bought this place 2 months ago and is already selling. 4.

IMHO, your best bet is to buy some place that needs a fair bit of work.

I'll bet that under the circumstances they will continue the assistance on a probationary basis and if the kid is found guilty, they can revisit the situation.

Although I am no longer a licensed agent in Texas, this is the time frame that it took me to go from un-licensed to licensed:Jan 3rd - Ordered course online from agentcampus.comJan 20th - Found broker to sponsor / hang licenseJan 30th - Submitted 150 completed course work to TRECMarch 1st - TREC responds needing finger printing & bg checkApril 15th - TREC BG check / Finger prints receivedApril 15th - Pay HAR/TAR/NAR/CSS/Broker duesApril 20th - License "active"May 1st - 1st contract writtenSo it takes roughly 5 months from start to finish.

If owner occupied rates hit 15% again, like they were when I first considered buying back in the 80s, you can bet these loans will get called.

Will reading real estate investing books help me better than taking an online class or getting a mentor?

You bet Charles!

Your best bet is to wait for it to come onto the market with a real estate listing agent, wait until the owner occupant period is up and then make an offer.2.

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The cost of repair/restoration should be less than 5% of the purchase price.The offer was made online through the HUD system, and the contract will be presented to me tomorrow for signature.