Congrats on locking that down.

We want wealth…There are 3 items on the list: 1.Forced appreciation2.Income-producing property3.Land-locked markets in which due to fundamentals growth outpaces investingI don’t know any other ways to create wealth, which is to say to increase my buying power.

Assuming you will be living in your house for a while (and not selling it in 1 year), then I think locking in a 15 or 30 year mortgage at insanely low rates, in an affordable area, is a great financial decision.

@Julio VasquezIf you want to lock this up with a contract, I say go ahead but cover yourself by having a contingency that allows you to cancel the contract (and get your deposit back) if the current owner fails to reach an agreement with the HOA to settle the lien.

Only thing that is tough (imo) are small multis, Because of the high demand of rentals large size apartments lock that space down and make the duplex/triplex/quadplex market tough to compete in. 

I think I've lost my 3.125% rate lock on a 15 yr conventional loan.

Can never have enough eyes and ears out here in the market.Thanks again!

If they're students, I'm assuming you will have some extra operating expenses/collections issues so be careful locking in to a high interest loan.

the hud listing agents I've worked with always give me a courtesy last visit with the promise that locks will be changed at that time..

I wish I could access my locked up civil service TSP money, but since I'm technically " on leave" from the GS job to serve this "activation", I can neither cash it out with penalties or borrow my 50% out of it.If I'm missing something here, experienced military BP folks, feel free to square me away.