In case you haven't caught the latest news story about the incident
involving Olympic swimmers in Rio, here's the gist of it — Lochte told the Today Show that he and three of his teammates were robbed at gunpoint after they
went out for a night
on the
town.
Yes, it does require a little more paper work with the FHA, need to have the 203K Consultant
involved and handle inspections / appraisals and such, but the fact that I can get into a property, have up to 6 months of mortgage payments included in the cost of the loan so that we don't have to worry about double rent / mortgage payments, rehab my primary residence the way we like it, save a 1930 - 1940's era farm house, and then refi into a conventional cash
out mortgage later
on and use that equity to
go buy rental properties... nice way to get started, without having to put up a lot of cash or live next to tenants / in
town (I'm a RURAL kinda guy).
Some years this has
involved going out of
town to focus
on our family, some years we have very simple and frugal holidays, and some years we throw big parties and
go hog wild with the celebrations.