The mortgage rate can always be refinanced when the rates drop back down which they are very close and will start to drop this year.

In 2005 I moved to Louisiana and rented it out, thinking I would sell it within a couple years once I was sure I would stay in Louisiana.

Hi guys, I am about to close on my first rental property.

We used Constant Close as our TC and they had to self perform the closing since it was an FHA loan.

I would generally stay away from this model - something where maybe they do this through some sort of equity partnership where they are sharing the gains/risk from the deal while you are doing the bulk of the dirty work

Account Closed What specifically do you like about 63117,63130, and 63110?

If you only have 30k liquid total for downpayment, closing costs, etc., you might be cutting it way too close to really do anything. 15k is the bare minimum I suggest for reserves or oh no money on any project so that doesn't leave you a ton left to work with.As @Glenn Banks said, 203k is probably your best option because it's an FHA loan and you can do low money down and the reno is baked in, but the reno is complicated.

Account Closed Thanks for sharing your experience.

Canyon CountyAverage Purchase Price: $400,000Average Rental Price (3-bed home): $1,800/monthKey Highlights:Includes rapidly growing cities like Nampa and Caldwell.More affordable than Ada County but still close to Boise.Increasing demand for affordable housing.3.

Not sure how close you are in terms of proximity to the university but my Dad bought property near a university for over 30 years and eventually a developer came in and bought everyone out and added luxury student housing and shopping with a huge payday for all the owners who had bought many years before.