Prices aren't coming down, but there are also hardly any buyers, and inventory is very low.

It involves thoroughly investigating and evaluating investment opportunities before committing capital.

I lent $225,000 of which $185,000 was for the purchase of the property and $40,000 is going toward renovations.As a lender I just want to get back my loan amount back (in this instance $225,000) if there is a total loss with the property.I have seen where a lender tells the insurance agent how much property insurance he/she wants based on a price per square foot calculation.On the other hand I have also seen where a lender tells the insurance agent that the amount of property insurance should be the loan amount in this instance $225,000.

Purchase price: $195,000 Cash invested: $35,000 Single Family home near Lake Texoma.

FHA offers a 3.5% down payment option up to 4 units and Fannie Mae offers a 5% down option.If those down payments are too high based on the purchase price you can again, use a DPA program.

The right loan officer can calculate all of this for you and set you up for success not only now but for future properties too.And as I mentioned, you can not only use your VA benefit for 1 property, if your purchase price is low enough, you will have secondary/bonus entitlement to buy a second property with a VA loan.

I live in Kennesaw and I’m interested in getting a house but in my price range the houses are selling significantly higher than asking so I was thinking maybe building might be an option even with the lumber shortages.

I’d love the opportunity to connect with you and learn more about your goals and how I can assist you in reaching them!

Definitely true, although I guess I could note there is one other good thing about blue cities and that is that they make it very difficult to build and thereby prices for existing buildings tend to rise as do rents (which ironically makes them less affordable and want to pass more arduous anti-landlord laws).  

We found one for the price of 1.9 million.