I suggest you start with shortterm (1-2yrs) intermediate and long term goals. also i dont know how financially well off you are but you may want to evaluate your situation to see if you are financially ready to do what you want.

i'm not saying that the "pro" didn't have to start somewhere (like with the first purchase), but it all breaks down to - to each his own...what one can do, so can another - but every situation is different.

If everything is completely disclosed up front (on the initial offer/contracts and not a later addendum threatening not to close after the fact unless you get money back), then it comes down to the lender's liability for allowing the transaction to occur.It's not mortgage fraud if the mortgage company is fully apprised of the situation and approved the loan with the contract in hand disclosing the terms of the money back, etc., with HUD reflecting the buyer receiving funds back...........As a rule of thumb if it's a strange transaction, don't do it!

We offer tax reduction, IRS audit proofing, entity structuring, and other financial services that could also benefit you (depending on your particular situation).

It's a no win situation for a reseller untill the builder is done.Just my 2 cents1

mocheeze, you're 26 and don't know how to show enthusiam for this situation to this guy?

Depending upon your personal situation, your risks may be significantly greater in one area than another.

Minna....Generally if you want to make either a no money down deal, or if you want to walk away from the table with cash at close you're generally the type of person is not in a situation to be picky in what you're buying.

A fixer-upper, seller with a situation, foreclosure, large down payment.

This is a perfect example of a situation where you need to have your ducks in a row - a business plan is an absolute must here!