I’ve been on the hunt to buy my first home using a 3.5% FHA loan that I’ve been pre-approved from by my lender.

However, we made the deal work out and it was close enough to what we were planning on spending for the property.

However, we made the deal work out and it was close enough to what we were planning on spending for the property.How did you finance this deal?

I now have a general idea of what to expect for insurance costs that I use as a placeholder in pre-DD. 

During my time, I did not learn a lot of what I wished for, but I was able to generate a lot more interest/passion for my future in real estate.Since then, I took my 75- hours of pre-licensing for a license in NJ upon high school graduation.

Keep in mind that I am just an investor I am not an attorney so by no means is my advice to be used without first checking all details for yourself and by no means will what I am saying work out for you.

One way to minimize this is to have pre-listing inspections done and included in the MLS listing.

@Jessica HuynhI think @Zack Karp or @Michael Facchini would be better able to advise on this but I'm guessing that you're unable to get pre approved on your own as the sole borrower, correct?

Am I legally allowed to ask for the entire seven months rent to be pre-paid in a lump sum?

The cost of construction is pretty high at the moment for sure, I guess there's a lot more value to be found in building something pre-existing.Building this unit would add a chuck of value to the property but probably not quite $300k's worth I imagine.