He's a college professor and plenty smart, but his closing statement is truly difficult to understand if you don't deal with these forms for a living.

Land use (mixed commercial/residential) - ARV. 125k to 132k - home built 1910 (2 story bungalo style, split level) Can someone explain to me a transactional funding?

I'd really be curious as to how other investors would perceive a house with that level flood risk.

The Issue: I want to buy real estate leveraging OPM but have no suitable income to satisfy a lender.The Goal: Purchase cash flowing real estate without ever needing to get a full time salaried job.Where I'm at now: I am twenty three years old, just out of college and am supporting myself with different jobs [mostly hired on an independent contractor] and paid hourly.

I went to Iona Prep and Iona College so I know the area very well and have a lot of lifelong friends from there.

More of a slight increase followed by leveling after spring rolls in.

Same as what the others said except it will be mix of cycles at the local level.

Our stories are a bit similar however I just didn't have $50k to invest in "real estate college" basically.

@J ScottWell would like to build an open floor plan 2 level home; figuring cost would close to 500k because of importing materials to island with possibility of selling between 750k to 1 million depending upon the closeness to the beach.

Is it a smart investment to purchase a rental property near a college (less than a mile away)?