@Sarah Sullivan - We had an investor client purchase a 3 bed 1 bath brick ranch on a crawl space with fairly accessible plumbing fixtures.

Is it feasible to obtain a loan or a good old boy agreement where a lender offers 100% financing for both the purchase price and construction costs at hard money rates, secured by a second position on the borrower's other properties?

Hello everybody, I am looking to purchase a property with a section 8 tenant, and the rent is way below market at about $800 for a 3 bed house, while an average rental is about $1300 to $1400.

For example: Using $500,000 as the purchase price, the difference in your DP is $50,000.

One year is a blip for an RE purchase.  

Recommend you first figure out the property Class/Risk you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

You could do delayed purchase financing, this would allow you to refi without the seasoning but you would only be able to pull out 80% of what you paid + 80% of your completed rehab.

We did purchase a SFH to live in as we have grown our family so we would no longer be house hacking.

Im in the process of purchasing a brick 2 unit from them.

With an FHA loan, you are not going to be bringing hardly any capital to closing (compared to a conventional 4-fam purchase with 25% down).