Then deduct some closing costs and possible repairs.

Keep your repair receipts to justify mark up on home.read this...Seller Seasoning:Seasoning <90> 90 days but < 12 months, a second appraisal may be required if the re-sale price is 5% or greater than the lowest sales price of the property within the past 12 months.Property flipping is a practice where recently acquired property is re-sold for a considerable profit with an artificially inflated value, and is ineligible for FHAAlso attatched is guidelines for FHA loans Hope this helps

This law most commonly applies to credit repair companies; however, it is written to include any assistance or advice to a consumer in the "obtain[ing of] a loan or other extension of credit."

Get a list of repairs necessary to make the spaces livable, find the rents and see where these take you.

We are making an offer on a lender owned property that will need 15-20k in repairs.

Besides, the lender won't do the refi if the new loan drops the debt service ratio (DSCR) below their requirements.For instance you locate a building and during your due diligence you see the potential to increase rents and decrease expenses by making some repairs.

(Although at times I'm somewhat beyond repair :lol:).Thanks so much!

Let's say that you could get a guaranteed $1,000 a month rent on a property (now remember this question is totally hypothetical) and you were magically guaranteed the best renters, no vacancies, no repairs needed, minimum maintenance--in other words your dream come true rental and obviously something you would never plan on happening--ever.

Hi JoshWhenever I go to Forum page and in turn to one of the specific posts in 'My Posts' it prompts for the User ID and Password which is OK.

If you are paying all cash pay 70% of the value minus repairs.