To break it down even further, if you sell or refinance within, let's say, the second month, you'll be responsible for paying an additional 1-month of interest to make up the 3 months.Hope I explained that well, feel free to message if you have any questions or concerns.

One of the best features of the mobile app for anyone in an active home search is the ability to filter on upcoming open houses.

I am from Mobile Al and would love to have lunch with someone who can give advice or guidance a Mentor.

While it is true the properties definitely are not in the best condition (not unlivable but not brand new) and our timeline/budget isn’t conducive right now to a full rehab, what I find the most concerning is the agent is basically telling us this area is a bad place for investors.

I'm not familiar with the area, but from my own research I've discovered that the area is prone to flooding and is also fairly close to a housing projects.Looking for some guidance on whether I should be concerned with my own findings, or if the area is still a solid buy regardless of the location.Thanks for the help,Matt Smocovich

There is also lead paint, which is not necessarily a concern, but I was always telling our manager to be on the lookout for any chipping or flaking. 

Purchase price: $6,200 Cash invested: $1 Contributors: Logan Fullmer This is a Mobile home on .5 acre lot.

What else are you concerned about?

As far as the IRS is concerned, you bought it for $150,000 because it depreciated that much.

@Jovon Itwaru one of the bigger concerns were how difficult it may or may not be to remove bad tenants.