Hi everyone, I am excited to network with other professionals around the world and share experiences in real estate and gain extra knowledge!

The FHA-insured 203(k) loan is provided through approved lenders nationwide and is available to owners who will occupy the home themselves.There is a lot of extra paperwork and coordinating with the lender and contractor.I have found contractors and lenders who hopefully have enough experience to get through the process smoothly.I'm now looking for an  RE agent in Tampa who has done a few. 

In other words it will be a lot of extra work just for the benefit of knowing it.

I am looking to purchase a home through auction for my family and I and the details are as follows:Wells holds the lien and there are no junior or other outstanding liens.It was established in 2011 at 175k and the property owner stopped paying over the summer so I think it's in the 161k range for what's left on the mortgage.In talking to Wells they said that they were not listing the property for auction but the owner was... yet Auction.com lists this as a foreclosure property.My father would partner with me on the cash for this deal until I can grab my traditional financing but he is worried about being on the hook for more than we expect.If I have checked with my recorder of deeds for any extra liens or overdue taxes, sewer bills, etc, can I be on the hook for anything more than my bid price if I win? 

It took two months extra but it finally got done.

I mean truthfully how hard can it really be.

We can try to paint real estate investing in any color we want to but the truth of the matter is that lenders will not lend to investors unless they see some kind of history or activity.

., it doesn't really costs you much, if any, extra.  

@Caroline Hedin@Cameron Skinner@Matthew Kreitzer@Dax Desai @Chris Allenundefined @Jim AdrianundefinedGreat news, I got my floor plans yesterday the architect I was talking about on my post came through on his word this time, he apologized but did not tell us why he kept pushing the date, he also gave us an invoice which says that if the city rejects the plans he the architect will fix what needs to be fixed with out extra charge. 

I make an extra effort to make sure the renters know that rent is DUE on the first, LATE on the second and late fees apply after the third.