So then we added PMI in order to borrow at least $80K; I figured this was fine since it’s only $6 a month and I can turn right around and pay it back down if I want.The next issue arose because it’s an 8-unit condo and one non-resident person owns two units.

Detroit is one of the few who have an income tax in Michigan, but most of the residents don't work, so it does not help.

I'm in the middle of purchasing my primary residence in the Art Museum area of Philadelphia then looking to get back into REI after a substantial break.

Hey guys,Im looking into purchasing a distressed property that will become my main residence.

I purchased it with a FHA loan and then a year later moved out and purchased another home for my primary residence in North Dallas.

Hi Brian Porter, we did something similar to buy our properties but according to our loan officer (two months ago) the restrictions are as follow:You can get another FHA loan 3 years after the first one ORIf you move over 90 miles from the current resident with the FHA loan ORyou have a legitimate (this is one is very difficult to use) reason to upgrade your residence (like you are having a baby and need an extra room or something like that.For moving the property as far as I know when you refinance you will need at least 20%.

I do not believe there are any Lonnie Dealers operating in there, but if there are, it will be difficult for them if I do buy the community, because the marketing plan does not call for any homes in the community that are not brand new and resident owned.I would suggest concentrating on the communities that really need your help.

., resident in the forums.As you're probably aware, that class with Dave Seymour, is just the beginning of possibly spending more $$$ with Dave Seymour.Let us know, how the class goes.Hopefully you learn something that is worth the $299 that you spent for it.Raymond

My husband Mike and I are interested in acquiring single family residences to buy and hold for long term investment.

Hi everyone,My name is David Thomas and I reside in Union County, NJ.