We purchased the condo for 92,000 and it has 69,000 left on it.

The list of section 8 tenants is larger than available units, so if you find tenants who meet your criteria, go for it!

I'm currently living in Crown Point Indiana and hope to invest in surrounding Northwest Indiana (Hobart, Merrillville, Portage, Lake Station) and maybe eventually the South West suburbs of Chicago.I'm mostly interested in flipping single family homes and purchasing smaller multi families. 

The very first house AKA house 1 I bought back in 2011 was a foreclosed property that i purchased for around 74k if I remember correctly.

Your best bet would be to take a look at a combination of cash outs / or maybe just one in order to obtain your proceeds for the new purchase.

Hi @Victor Tofilski Have you found any projects that makes sense for your next purchase?

Hello BP,I have a potential 2 Flat in Berwyn that I have a "verbal agreement" to purchase for 205k.

The first thing I ask them is:  "Did you by chance purchase the insurance when you booked"  This puts it back on them because they do in fact have that option.  

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Have a few lenders currently that will loan 100% of the purchase price and rehab, as long as the total loan is below 75% LTV.