It rolls the renovations into the loan and it only requires as little as a 3% down payment in some cases.I've read a lot about the program on FHA and other sites so I understand a good deal of how it works.One thing I haven't come across is what the requirements are for being an "owner occupied property".

I suggest two quality sites that will help you greatly.

I read a lot of news sites - mostly on the internet.

Welcome to the site Paul.

Today was my first day here at biggerpockets, and I got called out for posting my web site in the message.

Ive been looking on sites such as realtytrac & foreclosure.com, as well as government sites & lender links that sell REO's.

Yes, but they have to be actual posts that add value to something . . . this post, for example, is what we call a fluff post and doesn't count towards the five.Jump in and get involved in the discussion happening on the site and you'll quickly have access to everywhere you want.

The challenge in a Coop is finding a TBer to pay your fee (most of the time the assignment fee is 3% of value, and many times the 3% has to be financed in a promissory note or borrowed from a family source or a finance company).RE: Notes, there are terrific sites about creating a note and selling the note at a discount to a note broker-note buyer.

i love this site

coming onto BiggerPockets asking for help with their foreclosure/refinance/creative sale of their home, has really increased as a result of the current market crisis.I haven't been on this site for very long at all and I can tell there is a sharp increase in the amount of people the log on and immediately post their 'situation' regarding their over-leveraged properties.