The down payment on 400-500K will eat up all savings and leave nothing for reserves to cover the unknown once we get in.

It will cover most the listings you're looking for in Essex and Union counties.

They don't want to cover the flat roof on the 51x51 garage.

I would ask for a cash concession from the seller to cover at least 6 months of the rent she is supposed to be paying and I would have the notice to pay or quit ready to go the instant the closing happens.

Purchase plus rehab would need to be more like 55-60% of ARV in order for the loan to cover purchase, rehab, points, and interest payments.OTOH, if the purchase plus rehab cost is right at 70%, then you will have to pay the points out of pocket and the interest payments out of pocket.

If you gave your tenant the "lead disclosure" in his contract, then I'm pretty sure you're covered.

Hey Everyone - I was just reading a new member introduction from @Howard Scarrott , where he mentioned the challenges of investing while working full-time and I thought I'd solicit advice from the rest of our members on the topic.I know we're covered this before, but it's always a good idea to bring it back to the forefront.So -- if you currently or formerly worked a full-time job while successfully investing in real estate, can you please share some of your best tips here?

Then either you could each live in one side and if one decided to move you could then rent out that side, or you could live together in one side and rent out the other to help cover your mortgage.

The tough part for me as an investor would be to diversify my projects so much that I'm dealing with different types of real estate in different markets - too much ground and market knowledge to cover.

Here's a little insight on their loan program - or at least the one that covers 500k to 3mil dollar loans.I was curious to see if this financing was going to be worthwhile to pursue or not.