Only word of caution here is that you’ll be fully leveraged, at 97% going in, and a decent amount lower after fixing.

I got to thinking that this could potentially be a decent way for someone like myself with limited funding to build more savings to invest into larger projects and really get the ball rolling.

I have a colleague at work that did the same thing with taking out the 401k loanI’m not a financial expert, but I think it’s a good idea for someone that’s younger, has decent job security, and is planning on continuing to work at the same job for the next 5 years.

And a decent roofing crew will do in two days what would take you a week and a half of soul crushing labor.

Once you find the deal and LP sounds like a decent option.Best of luck to you.

Hello, there is a decently large plot of land (180 acres) about 5 minutes from the town where i work (Sherbrooke, population 150k), that i heard "through a friend" is for sale by the owner. the land has ~60 acres of cleared land and 120 acres of forest. it will probably sell for around 700,000. does anyone know of some creative ways to make money off farm land or forest?

You can qualify for a crazy low down payment FHA loan and decent interest rates on an owner occupied duplex.

How do I figure out if Parkersburg is a decent enough market for buy and hold? 

During this same period of time unemployment shot up to 8% when prior to that it had consistently ran at 2%.  

It could a decent rental but I need more info.