Comps that I viewed in the same area listed for 130K and in my opinion, in worse condition in a worse neighborhood with worse location.

"Our lenders must engage in loss mitigation efforts to help people stay in their homes, help to stabilize neighborhoods and prevent losses to FHA's Insurance Fund."

I was looking at a property in a very desireable neighborhood in my town, I can get the house for 60k and the owner will hold 50k of the mortgage, there is however around 35k of work that needs to be done in the home--when done the home should apraise at around 150---here is my dilema, this can be a good flip, however this area is rapidly apreciating and I can get around 800 a month positive cash flow by renting---how can I get a loan for the down payment/closing and repairs?

.: 1,311 Building Depth: 38.00ft Neighborhood Type: Residential Construction Type: Frame Do you think this would be a good deal?

It was called the Community Access Mortgage (CAM) that focused on neighborhoods whose house values did not exceed $65K.

Starting out, many managers/landlords want to talk, talk, talk about all the great features of the property, how great the neighborhood is, and how much they know.

The other is in the same neighborhood, listed $15000 less than the first one.

With that in mind, I look for working class neighborhoods, where they dont have granite countertops but they keep their yards up, in neighboring cities that are priced below market, and only take 3-5 years to pay off.

Is it via organized funds, or just rich Chinese individuals speculating?

. #2 - I have a lot in a neighborhood that can be subdividing into two building lots.