Our mortgage interest isn't deductible on our own home; only on investment properties.)I estimate that the cost of ownership of a property in the US each year, if 100% financed, is around 10% of purchase price (6% interest, 2.5% property taxes, 1.5% repairs).

Some facts about credit repair.

He bought this house for $28,900 put $5,000 into repairs, has great reserves and we keep getting denials.

Also, are there any limitations on refinancing a home with a FHA 203k loan (say 6 months after closing and after all repairs completed) or limitations on selling the home (after repairs).

Mike, thats because you do your own management and repairs.

We remain addicted, courtesy of the oil, gas and automobile industries20and a corporate-controlled government, to fossil fuels.

If you know subcontractors that will give you a substantial discount, chances are you will save money over having the contractor complete the property.You will need to do your research and see what kind of discount you will get for purchasing before construction completion, and compare that with how much it will cost if you get the repairs completed on your own.

With rentals you will need to be ready 24/7 to make repairs on homes that people do not treat very well.

You might be able to show apreciated repair amounts to offset downpayment if a.

If you've built a good rapport with the seller, gotten a good idea about the repairs and you've done your comps you should be able to make an offer right there on the spot.