The lower interest rate will save you whatever the additional cost are over a longer period.

Pre-approval means sharing your income and asset information in addition to your credit and having their underwriter review that info even though you don't yet have a home picked out.#3 - don't buy property with other people, especially friends, co-workers, etc.

If you have a plumbing leak under the slab, you need a plumbing repair in addition to a foundation repair.Hope this sheds some light on the subject.Ken StampeBank of AmericaMortgage Lending

If you have it done every two weeks, and they charge, say $50 a visit, then add it to the rent.

But with short term rates so low anyways, those aren't **too** big a factor.Still, add it all up, and there is a basic 'flip' cost that seems to be around 10%.This means that to make a profit as an investor, the price gap between what I pay and what I sell for must be perhaps 10% + fix up costs (call that 10%) plus profit (being VERY conservative, let's call that 5%).

The additional bathroom is a good idea.

Now we have an additional 15% to add what we want before we get to 90%.

This website in addition to a few other outside resources has been a big help over the last few months and I have just recently decided to join so I could get more involved and hopefully get a few of my questions answered.

Please be sure to contribute to the dialogue happening on site, in addition to promoting your properties.

Like when the lawyer does the "adjustments" crediting each party for this and that in order to balance the equation, they'll find that there's an additional 10% which will go to you in the form of cash.