To account for that, you either need to have awesome cash flow, or get the price lower to account for said future costs (or get a deferred maintenance credit from the seller)

I'd like to credit this application fee, if needed, on the down payment of the house, is that possible, if so, does the "term" make a difference?

Step1:Define your goal (home buyer or investor)Step 2: Define if an investor what kind you want to be (wholesaler,wholetail,fix and flip,hold,etc.)Step 3: Define how much funds you have to start out with,credit,access to additional capital etc.Step 4: Do you plan on living off of real estate full time or do you have a job and want to invest a little at a time?

Mortgage scams and other lending scams are common in today’s tight credit markets.

Some banks and sellers discriminate based on credit score, income, occupation, earnest money, marital status, even friendship.

I ask because it is often much cheaper than using hard or private money.My understanding is that many banks and credit unions will still provide first position liens on investment properties (as long as it and the borrower meet the criteria).This post is only my personal opinion.

Buy foreclosures 65% under market value with no credit and none or your own money!

My business partner and I are hungry young investors seeking advice, on any topics ranging from taxes breaks, insurance, business credit, financing, asset protection, etc.

How much does personal credit and income really count?

One of your first steps is to work on your credit and to save money.