Especially as it will probably be years before I can replace it with another fixerupper under current market expectations--i only buy good deals and for that I need a buyers market because I don't knock on doors, etc.I don't think the house is worth near what it would bring except that at todays rents and todays interest rates it is cheaper to overpay with an FHA loan than to rent.

Hi Everyone,

Let it first be known that I am very new to BP and learning all the time. I guess I am just looking for validation on the approach that I am currently taking in my buy and hold strategy.

In...

If I only had 3.5% I would save up until I could make the minimum for conventional.

I'm not even sure how I would profit from finding these types of houses as they are typically well maintained and people trying to sell tend to have realtors (which negates the need for a wholesaler I think)."

But even that is merely a self fulfilling prophecy because you will tend to do business with people like you on projects that you believe in.I would recommend changing the number not for voodoo's sake, but to eliminate the chance that it could negatively impact what you are trying to do.We have enough problems.

I only just learned about this and suggest you, everyone, research Super Lien States in reference to HOA's.

Can't wait until mine leave the house and my 50 gal becomes a tankless.Bill, whats the negative of having teens in a home with a tankless??

I didn't get any negative feedback but also have not gotten much interest in my project on Ifunding.

Omar - don't forget the political aspects of real estate.In respect to development (or re-development), we can only imagine how the economics of a new tract built in a tough area may have played out.Politician needs to repay a favor to a supporter, who just happens to be a developer.Developer sees an opportunity to (maybe) change a negative economic trend in that community.Developer builds one less profitable project so that a much more profitable one can be approved in another community.Bank offers low, subsidized financing due to local or national programs that exist at the time.Just because it doesn't (or didn't) make sense, doesn't mean it was unprofitable.

The benefit was that I only had to put 15% down and get rehab costs rolled in the loan.