In any case a transfer to your own s corporation in unlikely to be spotted by the lender, and even less likely to be acted upon if spotted.

They strongly advocate learning about stocks, if you do the same with RE it's my opinion that you will be way ahead because of leverage.

Be careful how this is structured because if you need to spend 30k on repairs and they don't pay out until its all done that's maybe a tough spot you've put yourself in.Hopefully you're agent is being proactive in finding other agents who know what they are doing with FHA homes.Good luck

I came to my own conclusion and compared it to my realtors price and it was almost spot on.

Authorization to talk to the lender signed by your seller  it will have their SS number on it.. thats the first thing you do.2. when property changes hands sub too via a deed there is a spot at the top of the deed that says send tax bill to this address insert your address  the title company will do this automatically.3.

Then I caught the bug… been wondering why I never paid attention to Real Estate until recently.I had some experience on the public side through several internships (dealing with stocks and bonds)… In college I took grant/loans and re-invested in stocks & bonds (probably shouldn’t say this here J).But Real Estate seems fun.

Based on your comment, I hope Rich Weese sees this as well...I also have a question about financing the purchase..Stocks vs beach home investment etc..

If we buy the property, we will have to sell stocks and pay cash.

We hear so much bashing but I'm sure there are bright spots and even better, opportunities, in the Detroit metro area.

So do your homework first.The advice above it spot on.