Hello fellow investors, I am just starting investing and I am on the process of acquiring my first rental property.But my real issue right now is that I just sold my primary property (a condo) here in Missouri. 

I started out with buying a couple 2 Bedroom 1 Bath rent houses for 45 & 55 Grand. 20% down on each using my primary residence equity as collateral.

The payments tend to be lower than the PMI option and interest is tax deductible on your primary residence.

The guest was probably talking about traditional - bank - financing.

Account Closed  Hi, flippers usually sell to traditional buyers (not investors) after they have done their work.  

A great place to start as a real estate investor is your first primary residence. 

I went in and truely gambling with appreciation for 2 years, bought 315k live in as primary residence,exactly 2 years I sold it 550k tax free 2005 .

I am 90% confidant I can get money for the house plus the renovation costs (from traditional bank financing and/or private money and/or HELOC on my property) but there is always the change that I cannot. 

I actually just refinanced my primary residence so I pulled out the documentation and it states that I shall agree to move into the house as my primary residence within 60 days of signing the document.

With that being said if you are truly helping the lady and she can't go the traditional route to sell her house then I would just explain to her that you miscalculated the price you can pay and the absolute most you can pay is .....