All Forum Posts by: George Gipson III

I am in Florida so if I stay 1 year then it should be ok? Or do you think I should just do the convential loan because it's only 60,000 and I want to use the FHA loan for my long term home definitely

hey if I purchase this property with a FHA loan then 6 months later decide to rent it out and move can I can use a FHA loan

Okay the foreclosure is listed $72,000 by bank. I want to say offer $60,000 for example, do they ever say okay will do 65,000. Or is the listed foreclosure price set and only decrease if no buyers. I live with parents so I am leaning towards buying a rental property then buying me a home. Just have to be careful where to use the FHA loan

Are you allowed to make offer on a Forcloser and do the every decrease price to negotiate 

okay so I am planning to purchase a investment property with a FHA loan the property is being auctioned by the court house it sold for 260,000 in 2007 right now listed at 175,000 for sale. My question is if I purchase with the FHA loan with 3.5% down and I would put more to lower the payments when I decide to sell or rent it out will I be able to purchase another home with FHA loan if I still own the first property while renting it out. I am assuming you can only have one FHA loan at a time and it must be your primary residence. My bank told me if its a investment property I must put 20% down and can't use the FHA loan. What should I do?

thanks for the advice i never thought about it from that perspective. That could be a good idea because if I have to live their for a while it's going to be good duplex instead of on the lower end. I'm going back to the drawing board lol

okay here is the situation I live with parents along with my fiance and dog. We moved in about 8 months ago to save for a house. over that time I became an real estate knowledge seeker. So now my advisor cousin says when are you going to start taking action you buying all these books lol. Should I buy my own house 1st then start thinking about buying a investment property(Duplex mainly) ? Or should I try buy duplex then my house? I don't want to house hack cause mainly my dog is not the best with strangers and need plenty of room to run without me getting a lawsuit. Also I moved in my parents cause I was tired of apartment style living. I want a farm with my house and plenty of space to store my atvs and boats. I need to moved out like yesterday!!! I feel like once I buy a house it will be difficult to save for an investment property down payment again. 20k with options

Life changing information right here!! BP it is

Thanks for the advice pull my credit report and found a lot of items that was my father because I am the III not Jr. Also if i appy for credit cards that will be another inquiry ? I currently have 1 secured credit card with my bank because I did not get approved for unsecured like 9 months ago

will do immediately very inspiring