I also have houses for sale in Central Maine that are all rehabbed as well as Washingtom that would put you central to the coast, Mid Coast and Augusta area

I had around $30K in cash to cover the down payment, closing costs, and any rehab necessary.

They are almost always followed by an @gmail email address.

Grant Dennis - unless you’re a cash investor buying without contingencies (no inspection, etc.) and understand your rehab costs, ARV and maximum purchase price, use a buyer’s agent.

We found and worked on one aspect of real estate, find deals, rehab and rent, all no money down, with rehab money received at the closing table. 

So I’m looking to buy my first deal, at the moment I don’t have the capital to pay cash for a $60k property, I have been looking at getting an FHA loan, doing the rehab, putting a renter In place, and hopefully be able to refinance with a traditional 30 yr mortgage, I have the cash set aside for a $15k-$20k rehab, so my main thing is does this make sense to do?

I'm sure there are many more things I haven't addressed here but I certainly wish you the best in whatever market you choose.....Gary

I looked up the address and all on Zillow and it is saying the home is in pre-foreclosure.

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $35,000

Cash invested: $75,000

2 family acquired for 35k, renovated for 75k and cash-out refinanced @ 70% LT...

Apartment building is owned by an entity <address LLC>.