It's a much better situation than evicting someone who lost their job and has no way of paying a judgement.

Not an insurance agent but i believe the difference is, the Vacant policy covers the existing structure plus improvements as they are done. the builders risk insures the material and i believe aspects of the project as it is built, since there is no structure. so if you happen to take a builders risk and you are doing reno, it may not cover you for the existing structure .

The market has improved considerably in Corpus and my house is now worth anywhere around $160,000 and up depending how updated it is.We want to sell the house and take the proceeds to invest in other real estate.  

I would not take out student loans or try to keep them at a bare minimum by getting a job and work your way through college.    

Hi @Paul Alexander,With 8 cashflow positive rental props, you might be able to do a vanilla fnma/fhlmc loan... your 'job' is landlord.

No bigger lessons will be taught then the experiences you'll have just like any other job.

Will you have a w-2 job when you do that?  

It's a bit last minute to me too, but I'm definitely interested in joining you guys.Over the weekend (if possible) is a bit better for me, since unfortunately I still have a day job !!!!!

Remember, wholesaling and flipping are JOBS.

I guess the part my buyer has had difficulty with getting financing for the property is that there are no FHA qualified structures on the property, so even with the assessed value being $34k above the asking price, she is having trouble secureing a loan on a "Land" deal, even with improvements.