I need a help I found a house I want to buy its a legal single but set up like a two family...my first question is how hard is it to make it into a two family...Second they want me to take out a rehab loan on the property its bank owned is this good...I am a newbie and this is all foreign to me...thank you vjb

Second, anyone can do this, but not everyone will...because it is not get rich quick and it is a lot of work.

My plan is to be able to invest in property for the people I help increase their credit scores by leasing/option in purchasing their first or maybe second home (BK people need new starts as well).

My father lives in a 30+ year old building in the Ozarks of MO where the weather is not nearly as harsh as Buffalo...and he has to do his roof every 10 years.Also, you mention there a lot of foreclosures there.

I don't doubt you for a second, I would just love to have a copy for my records here.When you say firms, do you mean RE firms?

You are the person buying the property with the first transaction, and you are the person selling the property with the second transaction.On the closing day the bank IS selling YOU the property.

that in the first instance the property has already been taken by the county, and in the second, a lien has been placed on the property. if this is true, then I could buy the first property outright, and the lien on the second.But I realize now what I need to do is talk to the county, not pester you guys about knowledge I can find out for myself.

Father in-law is very handy and would do all the work so in the end, it would be an investment.

Does it change depending on whether it is the first, second or third letter?

The second big thing is the ability to have reminders of payments flow into a calendar type system (tickler system) to send reminders about outflows of money (property taxes, note payments, etc.)What options do I have here?