I have several projects I can't wait to do in the house...I also love interior design so it will be alot of fun for me.My husband and I planned to start investing in RE when our home is paid off in 4 years, but I couldn't wait any longer!

All these resources are designed to help folks like you to get the ball moving.Start with the guide above and go from there -- if you have specific questions, just ask and we'll be here to help.Good luck.

FHA will not insure a mortgage if FHA concludes that the transaction was designed to use FHA mortgage insurance as a vehicle for obtaining investment properties, even if the property to be encumbered will be the only one owned using FHA mortgage insurance."

I will call the trustee on Monday to confirm whether or not it was winterized.

The title company will confirm that the loan is current and will tell the lender to give them a call when the judgment creditor tries to levy on the property, until then the lender does not have a loss so the title company doesn't have to do anything.

Put them and the HOA Attorney on notice not to perorm any work on your unit unless it is requested in writing and confirmation is given in writing.

She also told me that the income from my duplex would not be counted until I had seasoned (owned) it for 2 years.I believe this is because it is owner occupied, but confirmation from one more experienced is definitely welcome.

Regardless of whether the knob-n-tube is in good condition or not, it is and ungrounded service that was never designed to handle modern electrical loads.

This is a homepath +Renovation propertyTax Appraisal Value $165000List Price $104,0005% down required $4880Unit next door (same design) apartments rent for $500 eachMortgage Payment at 5.5% x 30 Years = 537.54Property Taxes = 228.14 per monthInsurance $450.00 per month5% for maintenance $100.00 per monthMy calculations leave a monthly cash flow of $928.00If I use the 50% rule (and I am calculating it correctly) I have a cash flow of $439.00I am assuming that I can renovate this property for $10,000ish and it appears that there is currently tenants in at least 2 of the units (havent confirmed this yet).guys this is kinda scary cause it appears to good to be true....

She took some interior design classes in college and loves to work with floor plans so it was a natural fit for her.