However, if you do a good job of leasing it up quickly and can demonstrate a few months solid financials, then you should have no problem refinancing.

Quick update: we decided not to move into the bigger house in the burbs (it didn’t appraise and the seller wouldn’t come down) and are happily still living below our means.The Financial freedom that comes with living modestly is so sweet it will take a very special house to get us to move at this point.ALSO, similar townhome/same community as ours just sold for $30k MORE than what we had ours under contract for a month ago, so I feel like the low new house appraisal causing our deal to fall through was a blessing in disguise.

Hello all, I think this will be kinda long, so I'm gonna try and give you a quick summary if you don't want to read it all:Current diesel mechanic, just turned 30, living in Austin, TX, looking for more lucrative career options that don't involve $50k and 6 hours/day of college.

Hey everyone, So this is a quick and easy question with an difficult answer or maybe a easy answer from those with experience.

I know that this is a long term game and not a get rich quick but a lot of people I have met so far are just selling, get rich quick and out. 

Full cash offer with no finance contingency and quick close.

I’d imagine they haven’t been fixed yet, and digging up and replacing sewer pipes can get costly quick.

I couldn't sell it in time. after moving into the apartment and having this rented out we should only be paying 38$-100$ each month in "rent/mortgage". that's our goal. so that we can save money quickly pay off debts and eventually move out of the duplex and continue to buy more rentals. once we move out that house will be very cash flow positive and we will be selling said single family house unless we have a very good tenant but even then it's to be sold within 3 years or ill have to pay capital gains taxes thanks all!!

Hi everyone -I'm working on a deal in Springfield NJ, but am having difficulty identifying comparable sales.  The home is a 2 family, over/under duplex with 3 beds and 1 bath.  Everything was renovated within the last...

I find the houses, they rehab them, I list it and they're gone quickly.