Because let's say you meet someone with 500k tomorrow and they have 800 credit. 

Do make sure that you are over-insured if anything, and as Chris suggests, don't do dumb things with the property.....no loose handrails, broken steps, etc.

After the 3 year period to redeem property, what am I to do as the tax payer?

Whether you end up pursuing fix-and-flips, rental properties, or another niche, this community is full of experienced investors who are more than happy to share advice and guidance.Feel free to ask questions, join discussions, and network with others who have been where you are now.

Hi there - I'm an investor new to the Indianapolis Residential Market and I was looking to network with active Residential Investors. With the market in a tricky place, I was curious how other investors were financing...

If you have a history of having rented the property by the room, a lender will very well look at the rent you have gotten and lend based on that (or at least the DSCR won't reduce below whatever LTV is offered on the appraisal).

You can use the proceeds from the bridge loan to cover the down payment and closing costs on a new property, which enables you to buy a new home before the first one is sold.

That property is currently rented above market rate.

Hey BP community,For those into property flipping, there are transactional funding programs available that provide the necessary capital to buy and sell properties quickly.

Regular properties are probably in a better position because people always need a place to stay, and if I'm not mistaken back during COVID if you had a tenant who couldn't work you could call your bank and pause the mortgage.