I spent most of my cash on my down-payment and remodel, however, with the work I did (and rising home prices) I have developed a good amount of equity in a short time.I have been approved for a HELOC of (roughly) 150K, which I want to use to invest.

Can anyone help me out with what the criteria is i need to be searching for, and can anyone recommend a program to use or ones to look out for?

The bank taking the loss on the loan has the final say and often comes back higher than the sellers list price.You need to ask the listing broker where they are at in the short sale process and if they already have bank approval at that price.

I know there are a few cheaper courses available but I was wondering if any of you have gone through Rockwells programs and how well they prepared you for the exam?

Market value anywhere between 250 and 300KWe need to move due to health issues of my daughter.I'm approved for a VA loan for 250K and can find quite a bit of house around the area for that price.My dilemma is that in order to sale my current house I really need to make some improvements.

If you use hard money, make sure to get pre-approved for a conventional loan prior to going ahead....you want out of hard money as quickly as possible (12-16% interest) and the hard money lenders I'm aware of won't loan to you unless you have an exit strategy 9roll into conventional).As far as what to look for, in my area we like to look in the $90- $110K range...$110k only if it is move in ready. 3/2/2 is the most sought after and therefore, easiest to rent.We paid a whopping 20K for our first rent property 7 years ago....18K for the 2nd....still have them both. :) The latest cost us $100K.I hope this helps and the absolute best of luck to you!

Ok the agent I was with called the other agent and said the only reason it's a 203k is because it doesn't have a stove and FHA will not approve without a stove.This sounds odd to me, since how many houses are sold without appliances??

They're sent directly to a pre-approved contractor without you ever touching the funds.

You've got to steer away from these conformists in the financial marketing world, they will not make you any money (unlike themselves).Now down the road you might go to the financial advisor as an expert on various aspects of real estate, with a proposal for how his/her clients can earn 8-12% returns with you, and you are considering accepting new investors that are a good fit for your program.

After our disappointment in MHP, we looked at buying used double-wide MH delivered dirt cheap to lots we had verbal approval on.